The Ramco Cements Sells ₹455 Crore in Non-Core Assets to Cut Debt

Ramco Cements has asset monetization of ₹455.03 crore in FY25 as part of the company’s asset monetization strategy which aims to reduce debt and bring it closer to its target of selling ₹1,000 crore worth of assets. The firm garnered ₹376 crore via the selling of its equity holdings in other businesses; and ₹79.03 crore via the divestment of land, it said in a regulatory document.

The company, in November 2023 announced plans to sell non-core assets worth ₹1,000 crore and use the proceeds to pare outstanding debt. Ramco Cements’ net debt as of December 31, 2024, was ₹4,616 crore. In Q3FY25, the company decreased its debt by ₹487 crore.

Based in Chennai, Ramco Cements runs five integrated cement plants in Tamil Nadu and Andhra Pradesh and six grinding units in Tamil Nadu, Karnataka, West Bengal, Odisha and Andhra Pradesh. It has a total manufacturing capacity of 24 MTPA.

Ramco Cements’ shares were little changed at ₹897.95 on the BSE, lower by 0.03% during the day, even as it sold the assets.