Proceeds from the asset sale will be utilised to lower the company’s outstanding borrowings, supporting its balance sheet strengthening efforts.
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With the latest transaction, the cumulative value of non-core assets offloaded by the Tamil Nadu-headquartered company has reached ₹483.84 crore.
The business said that its operating EBITDA posted a decline of 23% to ₹320.80 Crore in the quarter ended March 2025.
The company's revenue from operations declined 12.5% to ₹2,038.2 Crore, compared to ₹2,329.3 Crore the previous year.
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The total investment for these capacity expansions amounted to ₹58 Crore. The company received operational consent from relevant authorities for the enhancements.
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