Ramco Industries Ltd. started commercial production in the year 1967.
During the year 1991, 100% Export Oriented Spinning Mill was
commissioned with an installed capacity of 6,000 spindles at a project
cost of Rs. 14 crores to produce combed coarse varieties 10s 20s and
30s count. During the year 1992-93, The Government announced exemption
from payment of Excise Duty for products containing more than 25%
Pozolonic Material - Fly Ash. The company availed of this facility for
a part of the year and passed on the benefit to the customers.
During the year 1994-95, export of Fibre Cement products amounted to
Rs. 280.23 lacs showing a significant increase as compared to Rs. 29.29
lacs for the previous year.
During the year 1994-95, Ramco Industries Ltd. has become a majority
shareholder by subscribing to the Rights Issue. At the same time the
name of the company was changed from UNIVAG RAMCO AG to ' Ramco Systems
Ltd.' in switzerland.
RIL had initially received an order for about 10600 Tonnes of Fibre
Cement Pressure Pipes from Sri Sathya Sai Central Trust, Prasanthi
Nilayam, Andhra Pradesh, which is progressively enhanced to 16200
Tonnes. The total quantity supplied upto 31-3-96 was 14700 tonnes.
The company has received a Letter of Intent from Government of India,
for establishing one more Fibre Cement Sheet Plant with a capacity of
45000 Tonnes per annum at Arakkonam. The company has also received
another Letter of Intent for establishing one more Fibre Cement Sheet
Plant at Dharampur in Gujarat with a capacity of 45,000 Tonnes per
annum. The company has concluded a memorandum of understanding with Ask
Corporation of Japan for transfer of technical know how to manufacture
of flat sheets employing a fibre other than asbestos.
2001 - The Company has signed an agreement with CDSL, NSDL, and Cameo
Corporate Services Ltd. for dematerialisation.
- Ramco Industries Ltd. has a strategic partnership with Sun
Microsystems to participate in the iForce program.
- Ramco Industries Ltd has informed that the Board of Directors of the Company at its meeting held on January 31, 2008 has appointed Shri. S A Bhima Raja, President as Whole Time director with effect from January 31, 2008.