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

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..