Ramco Cements sells non-core assets worth ₹515 crore to Prestige Estates, steps up debt reduction

The Ramco Cements Limited has sold its non-core assets worth ₹514.90 crore to Prestige Estates Projects Limited, as part of its ongoing plan to pare debt and streamline operations, the company said on Monday, December 22.

In an exchange filing, the cement maker said the transaction was completed through an absolute sale deed for land owned by the company. The proceeds from the asset sale will be used to reduce the company’s borrowings, Ramco Cements added.

The company also said it has taken steps to dispose additional non-core assets worth about ₹200 crore by February 28, 2026. With the latest sale, Ramco Cements has now monetised non-core assets worth ₹1,016.92 crore, surpassing its earlier target of ₹1,000 crore.

Ramco had previously disclosed plans to monetise non-core assets during its Q2FY25 results announcement in November 2024, after having already sold assets worth ₹502.02 crore.

The company clarified that the transaction with Prestige Estates does not involve any promoter or related-party interest and has been carried out at arm’s length.

The Ramco Cements Ltd reported a more than threefold jump in its consolidated net profit

to ₹77.88 crore for the quarter ended September 2025, compared with ₹25.77 crore in the same period last year. Revenue from operations rose 9.5% year-on-year to ₹2,238.74 crore in Q2 FY26 from ₹2,044.13 crore in Q2FY25.

Shares of the company closed marginally lower at ₹1,050.10 following the announcement on Monday. The stock has gained 8.70% in this calendar year.