Ramco Cements update on sale of non-core assets

The Ramco Cements has executed sale agreement for disposal of lands for a consideration of Rs 67.65 crore.

Earlier in November, the company announced the proposal to dispose non-core assets with a targeted value of Rs 1,000 crore. As against this target, the company has realized Rs 443.65 crore including Rs 376 crore from sale of shares held in other companies and Rs 67.65 crore through aforementioned sale. In addition, the company has received advances of Rs 10.30 crore for sale of lands, which are in progress.