India Cements Plans Land Sale to Boost Cash Flow

22 May 2024 CW Team

India Cements has announced its intention to sell surplus land as part of a strategic initiative to bolster cash flow. This decision aims to optimise asset utilisation and strengthen the company's financial position amidst evolving market conditions in the cement industry.

The proposed land sale is expected to generate substantial funds, which India Cements plans to reinvest in core business operations and debt reduction strategies. By unlocking the value of surplus assets, the company aims to enhance liquidity and support future growth initiatives.

The move underscores India Cements' proactive approach to managing its resources and adapting to market dynamics to sustain long-term competitiveness. The proceeds from the land sale are anticipated to provide additional financial flexibility and enable strategic investments in operational efficiencies and market expansion efforts.

India Cements remains committed to delivering value to its stakeholders while navigating challenges and opportunities within the cement sector. The planned divestment of surplus land reflects the company's focus on maximising shareholder value and optimising its asset portfolio to drive sustainable growth in the future.

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