The Ramco Cements Ltd is following through on its commitment to pare non-core assets. On 22 December, it announced the sale of assets worth 515 crore to Prestige Estates Projects Ltd. With this transaction, cumulative non-core asset monetization has reached 1,017 crore, slightly exceeding the company’s stated guidance of 1,000 crores. Before the Prestige deal, Ramco had already monetized 502 crore of non-core assets.
Ramco Cements ticks off asset sales, but pricing will decide the next leg of growth
