Ramco Industries Limited is having a Pressure Pipes manufacturing unit located on the Leasehold land at Maksi, Shajapur District, Madhya Pradesh, with an installed capacity of 30,000 M.T. per annum. The company entered into a lease agreement on July 9, 2001 with M/s. Kanoria Sugar & General Manufacturing Company Ltd, New Delhi to lease out the Buildings and Plant and Machinery of pipe manufacturing plant at Maksi. The agreement expired on March 31, 2022.

The agreement was not renewed further. The company proposes to discontinue the operations and dispose of old plant and machineries, pertaining to Pipe plant, having a book value of INR 3.3 million as on date which represents 0.07% of net block of Plant, Property and Equipment and the impact will be negligible on the affairs of the company. The proposal was placed before the board at its meeting held on October 28, 2022 and the same was discussed and approved by the Board.