Ramco Industries to Set Up ₹180 Cr Plant in Madhya Pradesh

Ramco Industries reported that it will establish a new factory at Maksi in Madhya Pradesh to produce fibre cement boards. This is one of the major steps towards its expansion.

The project is passed by the board today and the new facility will be estimated to cost 180 crore. The new unit will be 58,000 metric tonnes capacity per year that will enhance the presence of Ramco in the building-materials industry that has seen strong growth.

Fibre cement boards are becoming popular due to their high strength and durability of boards as the market of Indian infrastructure and housing continues to grow.

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In the case of the construction industry, the plant would be the indicator of the optimism of Ramco in the long run development. The developers are seeking affordable, long lasting and sustainable materials. The central location of Maksi and enhanced logistics will make it a perfect place, as the company will be able to deliver the key regions with ease.

This growth is seen as opportune by industry observers with Ramco set to get a bigger proportion of domestic and export market. As real estate and infrastructure investment increases, the plant must provide jobs in the local area and enhance the manufacturing base of construction-materials in India.

The new Maksi plant highlights the desire of Ramco Industries to expand its operations and satisfy the increasing demand of quality fibre cement products, and to encourage sustainable construction activities in the country.