In-line results; announces 3.1MTPA expansion in East India Ramco reported in-line results with revenue growth at 7% YoY, aided by volume/realisation growth of 3.6%/1.4% YoY, respectively. EBITDA/t declined by 5.4% YoY as power/fuel and freight cost escalations more than offset the realisation growth. Other operating income for the quarter was higher YoY on an increase in wind farm income (Rs259mn in 1QFY18 vs Rs200mn in 1QFY17) and receipt of Rs90mn on account of industrial promotion assistance. The Company is expanding its grinding capacity from 16.5MTPA to 19.6MTPA via expansion in its West Bengal/ Vizag grinding units (1.1MTPA each) and entering the Odisha market with...