Ramco Cements outlines a capital expenditure (capex) of INR 1,650 crore for the fiscal year 2023-24, earmarked for capacity expansion initiatives and land acquisition in Andhra Pradesh and Karnataka. Having already invested INR 1,225 crore in H1 FY24, an additional INR 350 crore is allocated for the remaining two quarters. The expansion includes projects in Kolimigundla thermal power plant, dry mix products in AP and Orissa, and a grinding plant in Odisha. Anticipated commissioning dates range from December 2023 to January 2024, with FY25’s capex estimated at INR 200-250 crore, including the waste heat recovery system in Tamil Nadu.