Calcutta, May 13 :    Calcutta, May 13:  The Khaitans of Eveready Industries India Limited (EIIL) today sold the Romai Tea estate in Assam to Rossell Tea for a consideration of Rs 13.91 crore. This is the fifth garden in Assam which the Khaitans have sold in recent times. They had sold four other gardens in Assam-Gingia, Majulighat, Sejuli and Pobhoi. The company had earned Rs 60 crore through the sale of these gardens. Gingia, Majulighat and Sejuli were sold to M.K. Shah Exports. The yield of Romai tea estate is around 7.5 lakh kg. Rossell Tea Limited (RTL) had been looking for gardens, both in Assam and the Dooars for quite sometime now, tea industry sources said. RTL had five tea gardens within its fold prior to this acquisition. The four gardens directly under RTL's fold are Dikom, Nokhroy, Borahi and Nagrijul. It controls Bokakhat through Bokakhat Tea Company Pvt Limited. The Khaitans had last year taken the decision to sell some of their unremunerative tea estates for retiring high-cost debt. They have already sold four gardens in Darjeeling and one in Dooars. The proceeds of the Romai sale will go towards the repayment of debts, an official spokesperson said. High interest charges had adversely affected the overall performance of the company in the last few years. In order to reduce the interest burden and to improve operational efficiencies, it has taken up a restructuring exercise, which includes consolidation of tea operations to achieve economies of scale, sale of tea estates with low financial viability and utilisation of proceeds to repay debts. 'A part of the exercise has already been implemented and the balance is expected to be completed within the current year,' officials of the company said. With the disposal of the less remunerative tea estates, the company's operations will comprise only profitable estates, which will improve its performance, they said. Operational consolidation with the estates of the erstwhile Bishnauth Tea Company Limited has also helped the company to attain economies of scale. The company has also obtained a favourable debt-restructuring package from ICICI, their lead financial institution. The FI has converted Rs 450 crore loans into foreign exchange loans, which has resulted in lowering of interest, from 16 per cent to 10 per cent.