Indian Cement Producer Revives Expansion as Labor Shortage Eases
- Stoppage of work added 2 billion rupees to project costs
- Ramco plans to boost capacity to 20 million tons a year
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The Ramco Cements Ltd. said laborers who had fled to their villages to escape the pandemic are returning, allowing the Indian producer to complete its 35-billion rupee plan ($475 million) to add capacity after a 100-day hiatus.
The project, which aims to increase annual capacity to 20 million metric tons from 18.8 million tons, was about half done when Prime Minister Narendra Modi’s shock decision to implement the world’s largest lockdown forced workers to head to the hinterland.