Chennai-based Ramco Cements has raised ₹514.90 crore by selling some of its non-core assets to real estate developer Prestige Estates Projects, as part of its plan to monetise non-core assets worth ₹1,000 crore.
The company has been monetising non-core assets since last year, beginning with sales worth ₹376 crore in September and October 2024. On Monday, it announced its sale of non-core assets worth Rs. 514,90 crores to Prestige Estates.
What did Ramco cements?
“With this, the company has so far disposed of non-core assets worth ₹1,016.92 crore, as against the target of ₹1,000 crore,” Ramco Cements said in a regulatory filing. It added that it has taken steps to dispose of additional non-core assets worth around ₹200 crore before February 2026. The proceeds from these asset sales will be used to reduce debt, the company said.
Share price
Ramco Cements’ net debt as on September 30, stood at ₹4,591 crore as against ₹4,481 crore in March 2025. Shares of Ramco Cements closed flat at ₹1,050.10 on NSE.