Ramco Cements Limited has announced the successful disposal of non-core assets, realizing ₹67.65 crore through the sale of land assets. This transaction is part of the company’s ongoing initiative to monetize non-core assets, targeting a total value of ₹1,000 crore.
The sale agreement was finalized and registered on December 30, 2024, at 5:15 PM, as disclosed in a regulatory filing.
The company had previously reported its intention to monetize non-core assets during the Q2 FY25 results, with ₹376 crore already realized from the disposal of shares held in other companies earlier this year.
This latest transaction brings the cumulative proceeds to ₹443.65 crore. Additionally, Ramco Cements has received advances totaling ₹10.30 crore for other land sales currently in progress.
This strategic divestment aligns with the company’s objective of optimizing its portfolio and focusing on its core operations. The funds raised are expected to enhance financial flexibility and support future growth initiatives.
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