Cement News tagged under: Sagar Cements
India: Sagar Cements to invest another INR280m in power projects13 April 2017, Published under Cement NewsSagar Cements has announced that it is to invest a further INR280m (US$4.35m) to complete the construction of a captive power plant and finance a new solar project, according to reports in the Hindu. The extra money will go towards raising the capacity of the coal-fired captive power plant being built at the firm’s Mattampally plant from 15MW to 18MW. In addition, Sagar is to install a 1MW solar power plant, to be commissioned by June 2017. Sagar also announced that its BMM subsidia... |
India: Sagar Cements sees sales dip in December06 January 2017, Published under Cement NewsIn a trading statement released this week, Sagar Cement has reported a slight decline in cement sales for December compared with a year earlier. Consolidated results – which include the firm’s BMM subsidiary – show cement sales dropping by 0.4 per cent to 154,196t. Sales at Sagar’s core business dropped more appreciably, being down 4.6 per cent at 100,054t. For the nine months from April to December, consolidated sales rose by 17.9 per cent to 1.56Mt, while standalone sales fell by 10.... |
India: demand set to rise in Telangana and Andhra Pradesh09 November 2016, Published under Cement NewsManufacturers in the southern Indian states of Telangana and Andhra Pradesh have said that they expect cement demand to increase by around 20 per cent over the next 2-3 years, reports The Hindu newspaper. “The ongoing infrastructure projects in the two states along with government demand for welfare schemes are expected to drive growth for next two-three years,” said S Sambasiva Rao, executive director, My Home Industries, which sells Maha Cement. Current demand in the two states is es... |
India: Sagar Cement reviews expansion plans13 October 2016, Published under Cement NewsSagar Cement is reportedly convening a meeting of its Board of Directors on 19 October. The meeting will address proposals for setting up a coal-based power plant at the company’s unit in Mattampally, Nalgonda district, and the capacity expansion of the grinding unit in Bayyavaram, Visakhapatnam district. The capacities for the two plants in question were not disclosed in the company’s statement. The company’s 2015-16 annual report states that Sagar plans to acquire a 181,500tpa grinding ... |
India: Sagar Cement sales rise 29% on consolidated basis07 October 2016, Published under Cement NewsSagar Cement has announced its sales and production figures for September, which saw the former rise by 29 per cent on a consolidated basis, but fall by 15 per cent on a standalone basis, Accord Fintech reports. Consolidated sales amounted to 148,000 tonnes, while standalone sales reached 98,000 tonnes. Production for September was 146,000 tonnes, while standalone production was 94,000 tonnes. For the period April to September 2016, Sagar produced 1.09Mt on a consolidated basis and 0.7... |
India: Sagar Cements sales down 13.7% for 1HFY16-1708 September 2016, Published under Cement NewsSagar Cements has released its sales and production figures for the period to August 2016, reports Accord Fintech. These show that sales at the company fell by 13.73 per cent to 0.665Mt in the period April-August 2016 when compared to those of a year earlier. Production also declined, but less severely, being down by 1.52 per cent to 0.66Mt. In the month of August alone, sales were down 22.56 per cent to 0.108Mt, while production dropped to 0.102Mt, a fall of 11.21 per cent. Sagar C... |
Sagar Cement to invest US$22m in new capacity18 August 2016, Published under Cement NewsIndia-based cement producer Sagar Cement has announced that it plans to spend INR1.45bn (US$22m) over the next two years to expand its operations, the Hindu reports. The sum includes INR660m (US$10m) to purchase a 1.8Mta grinding unit currently owned by Toshali Cements in Bayyavaram, Andhra Pradesh. Sreekanth Reddy, Executive Director, Sagar Cement, said: “This acquisition will bring down logistics cost and facilitate Sagar to introduce slag cement in parts of Andhra Pradesh and Odisha”. ... |
India: Sagar production rates fall11 July 2016, Published under Cement NewsSagar Cements’ reported production and sales figures for June 2016 are down when compared to the figures from June 2015. Cement production stood at 130,035t in June 2016, a one per cent drop from the 130,905t reported in June 2015. Sales figures for the month stood at 123,409t, down 20 per cent from 154,032t reported in the same month the previous year. For the period April-June 2016, production was down two per cent at 425,275t compared to 435,860t for the same period last year. Cement s... |
Sagar Cements acquires grinding unit from Toshali Cements30 June 2016, Published under Cement NewsSagar Cements announced the acquisition of a grinding unit owned by M/s Toshali Cements Pvt Ltd for INR600m (USD8.88m). The assets consist of one grinding unit located at Bayyavaram, Vizag district, Andhra Pradesh with a capacity of 181,500tpa. Post acquisition, the company proposes to invest INR60m (US$0.89m) to increase the capacity of unit to 300,000tpa. The acquisition will enable the company to save its logistic cost and to introduce slag cement to cater markets in Visakhapatnam, V... |
India: Sagar Cements ordered to stop mining in Sulthanpur forest10 May 2016, Published under Cement NewsSagar Cements have been ordered by the National Green Tribunal (NGT) to cease mining activity in Sulthanpur forest in Telangana following a complaint that the company was encroaching on forest land. According to reports in the Hindu, Sagar have been accused of illegally mining in the forest reserve. The Director of Mines and Geology has asked the firm to cease activity in the reserve area. The NGT has asked the director to submit an action taken report during the next hearing slated fo... |