Aug 23 2016 | India Opportunities

Sagar Cement plans expansion

Sagar Cements is one of the prominent player in the field of cement in the state of Andhra Pradesh for more than three decades. Different varieties of cement like Ordinary Portland Cement (OPC) of 53 grade, 43 grade, Portland Pozzolana Cement (PPC) and Sulphate Resistant Cement (SRC) are manufactured and sold by the company under the Brand Name “Sagar”. The company plans to invest Rs 100 crore in the current financial year to increase the production capacity. Around Rs 45 crore of investment is planned for the next financial year.

The proposed investment includes around Rs 66 crore for acquisition of Toshali Cements unit comprising 1,81,500 tonne grinding unit located at Bayyavaram in Vizag district of Andhra Pradesh. Sagar Cement proposes to scale up capacity to 3,00,00 tonnes per annum with an additional capital expenditure.