The stock was up 5.5% to Rs 713 on the BSE after the company said the board will meet on Feb 7 to consider a proposal of buyback of equity shares.
The Competition Commission of India has imposed a penalty of Rs 258.63 crore against the company for alleged cartelisation
The company said it has reduced the borrowings by around Rs 312 crore out of internal accruals
During the fourth quarter, domestic sales was 20.43 lakh tonnes, compared with 18.18 lakh tonnes, while export sales dropped to 0.42 lakh tonnes from 0.62 lakh tonnes
Total income from operations increased 1.79% to Rs 1,015.39 crore, from Rs 997.52 crore in the year-ago period, Ramco Cements said in a regulatory filing