The Ramco Cements will hold a meeting of the Board of Directors of the Company on 2 November 2020.

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The Ramco Cements has received reaffirmation in credit ratings from ICRA as under:

Non-Convertible Debentures (Rs 400 crore) - AA+ (Stable) (reaffirmed)
Term Loan facilities (Rs 1550 crore) - AA+ (Stable) (reaffirmed)
Term Loan facilities (Rs 550 crore) - AA+ (Stable) (affirmed)
Long term fund based facilities (Rs 735 crore)- AA+ (Stable) (reaffirmed)
Short term fund based facilities (Rs 250 crore) - A1+ (reaffirmed)
Short term non-fund based facilities (Rs 485 crore) - A1+ (reaffirmed)
Commercial Paper / Short term debt (Rs 900 crore) - A1+ (reaffirmed)

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The Ramco Cements has commissioned its 9 MW Waste Heat Recovery Power Generating Plant in September 2020 at its Jayanthipuram cement plant. The Jayanthipuram plant is in the process of installing two more 9 MW Waste Heat Recovery Power Generating Plants which would be commissioned in the months to come.

The Company is in the process of establishing a new cement plant atKolumigundla, Kurnool District, Andhra Pradesh with a clinkerisation capacity of 2.25 million tonnes per annum and cement manufacturing capacity of 1 million tonnes per annum. This project will also have a waste heat recovery system of 12.15 MW capacity.

With these developments, the Company's aggregate capacity of waste heat recovery plants would be 39.15 MW.

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The Ramco Cements has approved an allotment of 2,22,497 equityshares of Rs.1/- each, being the exercise of 1,38,666 equity stock options under the Employee Stock Option Scheme 2018 - Plan A, (ESOS 2018 Plan A) and 83,831 equity stock options under the Employee Stock Option Scheme 2018 - Plan B, (ESOS 2018 Plan B).

Consequent to this, the equity share capital of the Company has increased from23,55,76,780 equity shares of Rs.1/- each to 23,57,99,277 equity shares of Rs.1/- each.Subsequent to this allotment, the Company's paid up share capital stands atRs.23,57,99,277/-.

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