Sagar Cements is planning to invest an additional Rs 28 crore in the ongoing captive power production project and a new solar power plant. With this, the total investment in the plant under implementation will go up to about Rs 98 crore.
The investment will be funded through borrowings and internal accruals. The project is expected to be commissioned by March 2019.
In addition, the company will also be installing a 1-MW solar-based captive power plant at a cost of Rs 4.70 crore to be met through borrowings and internal accruals. The plant will be commissioned by June 2017.
Sagar Cements is a prominent player in the field of cement in Andhra Pradesh for over 3 decades adopting progressive manufacturing practices, whether it relates to maintaining high standards of quality of its products or development of its highly valued human resources or the need to keep the pollution to the barest minimum.
