ORIENT CERATECH LIMITED has informed the Exchange about Sale of Thermal Power Station (Power Division)
ORIENTCER · price
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Orient Ceratech Limited's Board has approved the sale of its Thermal Power Station (Power Division) located at the Porbandar plant for Rs 3.75 crore to SS Fabrication, an unrelated party. The power station was a captive unit generating electricity for the company's own production and has been incurring losses (segment loss of Rs 432.76 Lacs in FY2026). The transaction is expected to close within 15 days, with the disposal process completing in approximately 6 months. The company also announced strong FY2026 results with standalone revenue of Rs 405.39 crore (up 22% YoY) and net profit of Rs 18.68 crore, and recommended a dividend of Rs 0.35 per share.
The divestment of the loss-making power division should improve the company's profitability going forward by eliminating a drag on earnings. The Rs 3.75 crore proceeds provide cash infusion while the sale to an unrelated third party ensures arm's length pricing.