PM inaugurates Gati Shakti Cargo Terminal project of Ramco Cements

Honourable Prime Minister Shri. Narendra Modi today virtually inaugurated the Gati Shakti Cargo Terminal project of Ramco Cements at Jayanthipuram village, Jaggaiahpet Mandal, NTR District, Andhra Pradesh. With the inauguration of the project, Ramco Cements will be transporting crushed limestone from its mines in Budawada to its integrated cement plant in Jayanthipuram.

This project is the first of its kind in the country wherein a cement company will be transporting crushed limestone from its mines to the cement plant's wagon unloading area through railway wagons using electric locomotive, in an environment friendly manner.

The railway wagons with crushed limestone from the Budawada mines will travel a distance of 8.3 Kms to the Jayanthipuram plant unloading point. A distance of 4.9 Kms will be on the South Central Main Railway Line connecting Mellacheruvu to Jaggaiahpet stations, while 3.4 Kms will be on Ramco Cements' dedicated sidings.

Ramco Cements is glad to be a part of the Dedicated Freight Corridor under the Gati Shakti Mission of the Prime Minister.

Shares of The Ramco Cements Limited was last trading in BSE at Rs. 808.65 as compared to the previous close of Rs. 811.00. The total number of shares traded during the day was 10076 in over 688 trades.

The stock hit an intraday high of Rs. 819.45 and intraday low of 804.45. The net turnover during the day was Rs. 8166127.00.

Source : Equity Bulls

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