Ramco Industries has received reaffirmation in credit rating at ICRA AA-; Stable / ICRA A1+ for Rs 500 crore line of credit of the company. Further, the company has been assigned the rating ICRA AA-; Stable for proposed non convertible debentures of Rs 160 crore. Powered by Capital Market - Live News

Ramco Industries has acquired 1.73 lakh equity shares of The Ramco Cements for a consideration of Rs 16.02 crore. Powered by Capital Market - Live News

Ramco Industries has acquired 4,66,600 shares of The Ramco Cements for a consideration of Rs.41.95 crore.The Board of Ramco Industries at its meeting held on 11 November 2024 had approved investment of up to Rs 160 crore in The Ramco Cements in one or more tranches. Powered by Capital Market - Live News

The Board of Ramco Industries at its meeting held on 11 November 2024 has approved investment by purchase of shares of The Ramco Cement, for a value up to Rs 160 crore in one or more tranches, through stock exchanges. The board also approved raising credit facilities from Banks/ Mutual Funds/ NBFCs by way of Secured, Rated, Redeemable, Non-Convertible Debentures/ term loan or any other borrowing mode asrequired/ stipulated by Banks/ Mutual Funds / NBFCs upto an amount not exceedingRs.160 crore in one or more tranches, for corporate requirements and for funding the above investment. Powered by Capital Market - Live News

Net profit of Ramco Industries reported to Rs 16.88 crore in the quarter ended September 2024 as against net loss of Rs 4.15 crore during the previous quarter ended September 2023. Sales rose 11.49% to Rs 349.13 crore in the quarter ended September 2024 as against Rs 313.16 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales349.13313.16 11 OPM %11.889.34 - PBDT41.5226.68 56 PBT32.5517.50 86 NP16.88-4.15 LP Powered by Capital Market - Live News