Ramco Cements’ profit up

Ramco Cements’ net profit has multiplied over four times during the second quarter, indicating early signs of recovery from the lows during the comparable quarter last year. The company reported a net profit of ₹89.71 crore (₹18.27 crore) on a total income of ₹951.43 crore (₹920.71 crore). The company is setting up a one-million-tonne-a-year grinding unit at Visakhapatnam in Andhra Pradesh at ₹475 crore. The project, to be commissioned in March 2015, will benefit from infrastructure activities expected after bifurcation.