India Cements boosts Liquidity by selling land to UltraTech
Cement

India Cements boosts Liquidity by selling land to UltraTech

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.

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.

Next Story
Infrastructure Urban

Macrotech acquires Bain Capital's stake in 3 entities for Rs 3 Bn

Realty firm Macrotech Developers has acquired Bain Capital's stake in three industrial and logistics park entities for Rs 3.07 billion as part of a strategy to enhance rental income. Macrotech Developers is one of the leading real estate firms in the country. It sells properties under Lodha brand. In a regulatory filing, the company informed that it has "executed Securities Purchase Agreements (SPAs) with India Opportunities Fund SSA Scheme 1 and DSS Opportunities Investment 1 (Bain Capital) for acquisition of their interest in the digital infrastructure platform entities (Bellissimo Digital I..

Next Story
Infrastructure Urban

Tata Steel reports Rs 7.59 Bn net profit in Jul-Sep

Tata Steel reported a net profit of Rs 7.58 billion for the September 2024 quarter, helped by lower expenses. It had posted a net loss of Rs 65.11 billion in the July-September period of the preceding 2023-24 fiscal, the company said in an exchange filing. In a separate statement, Tata Steel CEO and MD TV Narendran said the global operating environment remained complex, with key regions facing subdued growth. Macroeconomic conditions in China continued to weigh on commodity prices, including steel. In India, steel demand continued to improve, but domestic prices were under pressure due to chea..

Next Story
Infrastructure Urban

SC to verdict on Nov 7 on plea against NCLAT

The Supreme Court is scheduled to pronounce its verdict on a plea of State Bank of India (SBI) and other creditors challenging the National Company Law Appellate Tribunal (NCLAT) decision that upheld the resolution plan of grounded air carrier Jet Airways and approved the transfer of its ownership to Jalan Kalrock Consortium (JKC). A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra will pronounce the verdict which was reserved on October 16. The NCLAT had on March 12 upheld the resolution plan of the grounded air carrier and approved the transfer of its ownersh..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000