The Ramco Cements Limited shares surged nearly 4% to reach an intraday high of ₹1,094.9 on the NSE on January 5, 2026, following regulatory approval for quartzite mineral extraction. According to latest reports, the stock was trading at ₹1,092.60, up 3.24% at midday, while the benchmark Nifty index traded largely flat. Earlier in the day, the stock had opened at ₹1,065.20 with a traded volume of 2.10 lakh shares valued at ₹22.77 crore. The deliverable quantity stood at 50.55% of traded volume, indicating genuine investor interest rather than speculative trading.
The cement manufacturer informed stock exchanges on January 4, 2026, that it received approval from the Andhra Pradesh government on January 3, 2026, at 4.20 pm to include quartzite mineral in its existing limestone mining lease. The Industries & Commerce Department of Andhra Pradesh granted the approval covering operations in Kalavataka and Kotapadu villages, Kolimigundla Mandal, Nandyal District. The approval remains valid until March 10, 2053, subject to compliance with the Mines and Minerals (Development and Regulation) Amendment Act, 2015, and other government guidelines.
According to the company's disclosure, the quantum of mineable quartzite reserves has not yet been determined. The Ramco Cements said the extracted quartzite will be utilized for manufactured sand and pozzolanic additives in the cement industry, or for other industrial applications as they arise in future. The company holds its mining lease in the same location where the quartzite extraction has now been authorized, allowing for integrated operations at the existing site.
Market sentiment remained positive with the latest data showing the company's market capitalization increased to ₹25,803.13 crore. According to earlier reports, the stock has gained 7.70% over the past month and 10.46% over the past year. During the trading session, 65.51% of orders were on the sell side against 34.49% buy orders, while the free float market cap stood at ₹13,723.87 crore.
