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India Cements enters into agreement with UltraTech Cement

22 Sep 2023 Evaluate

India Cements has entered into an agreement with UltraTech Cement for the sale of land admeasuring 73.75 acres (which includes land admeasuring 14.53 acres to be procured) located at villages Kantakapalle and Chinnipalem, Mandal Kothavalasa, District Vizianagram, Andhra Pradesh, for a consideration of Rs 70 crore, exclusive of taxes, stamp duty and registration charges.

This is part of the Company’s plan to monetize some of its non-core assets for improving its liquidity and to meet few of its capital expenditure plans.

The India Cements is engaged in the manufacture of products that will enable the customer to build structures which are durable, cost effective and conducive for human life style.

India Cements Share Price

415.50 4.80 (1.17%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11887.30
Ambuja Cement 458.95
ACC 1431.85
Shree Cement 25301.95
Dalmia Bharat 1972.55
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