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Sagar Cements in talks to buy BMM Cements: Report

14 Aug 2014 Evaluate

Sagar Cements is reportedly in talks to buy Bangalore-headquartered BMM Cements as it looks to invest the money it made by cashing out of a joint venture with France’s Vicat. The development will underscore consolidation in the 130-million-tonne South Indian cement market, which accounts for more than a third of India's capacity of 360 MT.

BMM Cements, promoted by BMM Ispat Group, has a one-million-tonne capacity green-field cement facility, along with a 25 megawatt captive power project near Tadipatri in Anantapur district of Andhra Pradesh.

Further, Sagar Cements, which currently has a capacity of 2.75 million tonnes in Nalgonda district of Telangana, would look at facilities in South India that give access to Tamil Nadu, Karnataka and Maharashtra.

Sagar Cements Share Price

185.05 2.95 (1.62%)
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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