Sagar Cements gets final nod to acquire 100% stake in BMM Cements

18 Oct 2014 Evaluate

Sagar Cements has received final approval for the acquisition of 100% equity stake in BMM Cements, which owns a cement plant of 1 million tonne capacity per annum and a captive thermal power plant of 25 MW capacity in Gudipadu near Tadipatri Anantapur District in the state of Andhra Pradesh. The board of directors at their meeting held on October 17, 2014 has approved for the same.

Sagar Cements is one of the most modern mini cement plants in the state of Andhra Pradesh. The plant is based on Dry Process Rotary Kiln Technology that is used in ‘Standard Quality' cement companies.

Sagar Cements Share Price

206.65 7.00 (3.51%)
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