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Sagar Cements surges on plan to make additional investment of Rs 28 crore in captive power project

13 Apr 2017 Evaluate

Sagar Cements is currently trading at Rs. 790.00, up by 9.80 points or 1.26% from its previous closing of Rs. 780.20 on the BSE.

The scrip opened at Rs. 790.00 and has touched a high and low of Rs. 790.00 and Rs. 790.00 respectively. So far 25 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 835.00 on 14-Oct-2016 and a 52 week low of Rs. 527.00 on 02-May-2016.

Last one week high and low of the scrip stood at Rs. 801.70 and Rs. 765.55 respectively. The current market cap of the company is Rs. 1607.32 crore.

The promoters holding in the company stood at 50.04%, while institutions and non-institutions held 18.93% and 31.03% respectively.

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.

Sagar Cements Share Price

181.95 5.50 (3.12%)
10-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11589.90
Ambuja Cement 445.05
ACC 1424.50
Shree Cement 24337.00
Dalmia Bharat 1968.40
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