ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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MADRAS CEMENT-Expansion Projects

Expansion Projects MADRAS CEMENT (MCL), the flagship company of the Madras-based Ramco group, is the fourth largest cement manufacturer in the south. Even though the cement industry faced a recession in 1992-93 MCL was not very badly hit by it. The company has showed improved performance in 1993-94, with net sales going up by 18 per cent (Rs 36.87 crore), operating profit by 18 per cent (Rs 8.44 crore) and net profit by 10 per cent (Rs 1.97 crore). Depreciation and interest charges were up by 36 per cent (Rs 4.61 crore) and 21 per cent (Rs 6.58 crore), respectively. Non-operating profit increased by Rs 35 lakh while other income rose by Rs 123 lakh. Imports fell by 42 per cent (Rs 1.24 crore) while exports were up by 25 per cent (Rs 4,64 crore). A dividend of 51 per cent was announced for the year as against 45 per cent in the previous year.

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