Ramco Industries limited 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 Comp. availed of this facility for a part of year & 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 previous year. During the year 1994-95, Ramco Industries limited has become a majority shareholder by subscribing to the Rights Issue. At the same time the name of Comp. 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 Comp. 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 Comp. 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 Comp. 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 Comp. has signed an agreement with CDSL, NSDL, & Cameo Corporate Services limited for dematerialisation.
- Ramco Industries limited has a strategic partnership with Sun Microsystems to participate in the iForce program.
2008
- Ramco Industries Ltd has informed that the Board of Directors of Comp. 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.