Who Owns Ramco Cements?

Ramco Cements has invested in waste heat recovery systems (WHRS) and renewable energy capacity. The company plans to add 15 MW of WHRS capacity in FY2027. The company has implemented solar power initiatives at its plants to reduce reliance on grid power and lower carbon emissions.

The company produces blended cement using fly ash and slag, which reduces the clinker-to-cement ratio and lowers both fuel consumption and carbon emissions per tonne of cement. Ramco has implemented water conservation measures and biodiversity management at its mining sites.

Ramco Cements publishes sustainability information in its annual report. The company has not made public commitments to carbon neutrality or net-zero targets as specific as some competitors. The company faces the inherent environmental challenges of the cement industry, including limestone mining impacts and carbon emissions from clinker production.

In 2026, the company sold non-core assets worth Rs 515 crore to Prestige Estates as part of a strategy to reduce debt and focus on core operations. This included the sale of identified non-core assets, with additional sales of approximately Rs 150 crore planned in the near term. The company has stated that active steps are under progress to sell the remaining identified non-core assets.

• Largest Cement Brand in South India: Ramco Cements holds the distinction of being the largest single cement brand in the southern region of India by capacity.
• Top 5 Cement Company in India: Ranked fifth among the top 10 cement companies in India at the all-India level.
• National Energy Conservation Awards: The company has been recognized for energy efficiency initiatives in cement manufacturing.
• Quality Certifications: Ramco Cements' plants hold ISO certifications for quality and environmental management.
• Construction Chemicals Growth: The company's construction chemicals business achieved 66% revenue growth in FY2026, reflecting diversification beyond core cement.

Competition Commission of India (CCI) Investigation: Ramco Cements, along with other major Indian cement producers, was investigated by the CCI in 2012 for alleged collusive pricing. The company was penalized as part of the broader industry investigation. The cement industry contested the findings through appeals.

Capacity Utilization Challenges: In FY2026, Ramco's capacity utilization declined to 74% from 77% in FY2025, reflecting the impact of capacity additions outpacing demand growth. While not a controversy, this utilization decline puts pressure on operating margins and pricing. The company's EBITDA margin of 16% in FY2026, while improved from 15% in FY2025, remains below larger competitors like UltraTech (22%) due to scale disadvantages.

Mining and Environmental Concerns: Ramco's limestone mining operations in Tamil Nadu and Andhra Pradesh face the same environmental and land-use challenges as the broader cement industry. Local opposition to mining activities has been reported at various sites. The company has stated it complies with statutory environmental clearance processes.

Non-Core Asset Sales: In 2026, Ramco sold non-core assets worth Rs 515 crore to Prestige Estates. While this is a legitimate business transaction, it reflects the company's need to optimize its balance sheet and focus on core operations. The sale indicates that the company had accumulated non-core assets that were not contributing to its primary cement business.