India Cements boosts Liquidity by selling land to UltraTech

25 Sep 2023 CW Team

In a strategic move to bolster its financial standing and meet its capital expenditure requirements, India Cements has announced the sale of land assets to UltraTech Cement Limited. This significant transaction aims to improve liquidity, providing India Cements with the necessary resources to fund its ambitious capex plans.

The deal, reported on September 22, 2023, is poised to reshape India Cements' financial landscape. By offloading non-core assets, the company intends to unlock capital and focus on core operations, including expanding its cement production capacity.

This development comes amidst a dynamic period in India's construction and infrastructure sector, with increasing demand for cement. India Cements aims to seize opportunities in this growing market, and the infusion of funds from the land sale will facilitate these expansion efforts.

UltraTech Cement, a major player in the industry, stands to benefit from this acquisition as it consolidates its presence in the Indian cement market.

This strategic partnership reflects the evolving landscape of India's construction industry and the quest for sustainable growth. In conclusion, India Cements' decision to sell land assets to UltraTech Cement marks a significant step towards financial stability and achieving its capex goals. This move is aligned with the company's vision to thrive in the ever-evolving cement industry.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..