Ramco Cements Limited
Tamil Nadu
Contact Details
Auras Corporate CentreBirth Of The Ramco Cements Limited : In the 1950s, investment in Cement Industry was not attractive due to price controls and the massive investments required. Only those entrepreneurs who were not profit-minded but cared for the country's development came forward to invest in the Cement Industry.
When Shri. Manubai Shah, Central Minister for Industries in late fifties came to Madras to meet the Industrialists, he called upon Shri P A C Ramasamy Raja and requested him to start a cement factory in TN. This was readily accepted by Shri PACR and this marked the birth of The Ramco Cements Limited in 1961.
Concern for Investors: On the night of September 3, 1962, while the whole city slept, PAC Ramasamy Raja lay on his bed in the Madras General Hospital, seriously ill. As all his near and dear watched with tears in their eyes, PAC Ramasamy Raja summoned his son Ramasubrahmaneya Rajha to his bedside. "There is no more hope", he whispered, "You should take care of everything from now. My main concern is for The Ramco Cements Limited. I have taken a lot of money as shares from well-wishers and I have not paid them back any dividends as yet. This has to be taken care of immediately". Those were his last words.
