Usha Martin Limited has announced the sale of its leasehold land and associated assets located in Sriperumbudur, Tamil Nadu, to UGP Engineering Private Limited. The agreement, signed on 21st August 2025, covers approximately 10.11 acres of land along with structures, plant, and machinery. The transaction has been completed on the same day, reflecting the company’s strategic approach to optimize its asset portfolio.
The total consideration for this sale amounts to ₹29.52 crore, and the buyer, UGP Engineering, is not related to Usha Martin or its promoter group. The transaction has been conducted at arm’s length, ensuring transparency and fairness in line with regulatory requirements.
This sale involves non-core assets, meaning it does not directly impact Usha Martin’s revenue or net worth from its main business operations. The company has clarified that this move is part of its broader strategy to focus on core business areas while streamlining and monetizing non-essential assets.
