The Ramco Cements Limited has informed the Exchange about General Updates - Disposal of Non-core Assets
RAMCOCEM · price
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Ramco Cements has sold non-core assets (land) worth Rs. 59.56 crores to Rainbow Foundations Limited on 26 February 2026. This takes the company's total non-core asset disposals to Rs. 1,080.82 crores, surpassing its original Rs. 1,000 crore target announced in Q2FY25. The company had separately indicated plans to dispose of an additional ~Rs. 200 crores of non-core assets (as per its December 2025 communication). The buyer is unrelated to the promoter group, and the proceeds will be used to pay down company debt.
Continued debt reduction should strengthen the company's balance sheet and lower interest costs. This is a positive deleveraging step with no impact on core cement operations.