Orient Ceratech Sells Windmills for ₹16.45 Cr

AI Summary

Orient Ceratech Ltd has executed an Agreement for Sale for its Windmills Business, comprising seven windmills. The transaction, conducted as a slump sale on a going concern basis, will transfer all associated assets and liabilities to the purchaser effective June 30, 2026. Following negotiations, the total consideration for the sale has been revised upwards to ₹16.45 Crore. This divestment marks a strategic move for the company.

Key Highlights

Orient Ceratech finalized the sale of its seven-windmill business.
The transaction is a slump sale on a going concern basis.
Sale consideration revised upwards to ₹16.45 Crore.
Assets and liabilities transfer effective June 30, 2026.

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ORIENTABRA

Electrodes & Refractories

ORIENT ABRASIVES LTD.-$

Price Impact