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Sagar Cements acquires Jajpur Cements to set up cement grinding unit

03 May 2019 Evaluate

Sagar Cements has acquired 100% shareholding in Jajpur Cements (JCPL) for setting up a green field cement grinding unit of 1.5 million ton capacity in Jajpur at a total cost of Rs 308.10 crore. The process of setting-up of the said unit is being set in motion and will be completed by March 2021.

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.

Peers
Company Name CMP
Ultratech Cement 12086.15
Ambuja Cements 380.90
ACC 1219.45
Shree Cement 24718.15
Dalmia Bharat 1474.40
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