The Ramco Cements Limited has informed the Exchange about DISPOSAL OF NON-CORE ASSETS.
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Ramco Cements has informed the exchange about further progress in its non-core asset disposal programme. During the year, the company has sold shares held in other companies worth Rs. 19.77 crores and disposed of land worth Rs. 4.28 crores, totalling Rs. 24.05 crores. This sale crossed the materiality threshold of Rs. 15.70 crores on 11 July 2025. With this, the cumulative value of non-core assets disposed of by the company has reached Rs. 483.84 crores, against its earlier announced target of about Rs. 1,000 crores.
The disposal of non-core assets is likely to help Ramco Cements deleverage and strengthen its balance sheet, which is positive for shareholders. However, the pace of monetisation suggests the company still has a long way to go to meet its Rs. 1,000 crore target, so further updates will be needed.