Cement News tagged under: Sagar Cements

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Sagar Cements reports rise in cement production for May

07 June 2019, Published under Cement News

India’s Sagar Cements has reported a 12.9 per cent YoY rise in consolidated cement production in May 2019, increasing to 277,146t from 245,454t in the year-ago period. Standalone production advanced 9.2 per cent to 201,241t, compared with 184,278t in May 2018. Meanwhile, sales climbed 13.3 per cent YoY to 275,330t in May 2019.

Sagar Cements completed Jajpur acquisition

08 May 2019, Published under Cement News

India-based Sagar Cement has completed the acquisition of its 100 per cent stake in Jajpur Cements Private Ltd (JCPL). The company will now start the process of establishing a 1.5Mta greenfield grinding plant in Jajpur, Odisha. In December, Sagar Cements’ board had approved the investment of INR1.08bn (US$15.6m) in JCPL in a phased manner and to set up the INR3.08bn plant in Jajpur. The new unit is expected to be completed by March 2021.

Sagar Cements announces new investments in plant projects

06 December 2018, Published under Cement News

Sagar Cements has approved significant investment in both Satguru Cements and Jajpur Cements, which will enable the company to expand its presence in central and eastern India. "The board has approved a proposal to invest a sum of INR1.5bn (US$21.1m) in Satguru Cement Pvt Ltd (SCPL), Indore, to set-up a greenfield cement manufacturing plant of 1Mta capacity along with a waste heat recovery power plant, at a total cost of INR4.26bn. SCL will be holding 65 per cent in the equity share capit...

Sagar Cements reports 40% production increase

07 November 2018, Published under Cement News

India’s Sagar Cements has reported that its consolidated production has increased by 40.1 per cent YoY to 273,216Mt for October 2018, compared to 195,066Mt in October 2017. Furthermore, the company’s consolidated sales for the month rose by 43.73 per cent YoY to 279,554Mt from 194,500Mt.

Sagar Cements records 27% production increase in September

08 October 2018, Published under Cement News

India’s Sagar Cements has reported that its consolidated cement production increased 27.2 per cent in September 2018, rising to 256,507Mt from 201,690Mt. Furthermore, consolidated cement sales advanced 21.8 per cent to 249,882Mt, compared with 205,097Mt of the year-ago period.

Sagar Cements commissions capacity expansion

13 June 2018, Published under Cement News

India's Sagar Cements Ltd has commissioned a capacity expansion at its grinding unit in Anakapally district, Andhra Pradesh, raising capacity to 1.5Mta from 0.3Mta. While the expansion scheduled to become operational by 31 December 2018, the facility was commissioned ahead of time on 10 June.

Star Cement records 10% rise in operating revenue

07 February 2018, Published under Cement News

Star Cement Ltd has released its results for the third quarter of FY17-18, showing a growth in operating revenue of 10.1 per cent YoY. Adjusted for excise duty, this translates to INR3.77bn (US$58.8m) against INR3.42bn of the 3QFY16-17, according to IIFL. EBITDA marked a considerable increase of 60.4 per cent to INR1.41bn in comparison with INR0.88bn of the previous fiscal. The EBITDA margin expanded by 1173bps YoY to 37.5 per cent. Elsewhere, Sagar Cements has reported a 47.21 per cent ri...

Sagar eyes 18% rise in production

14 June 2017, Published under Cement News

Sagar Cements is expecting around 18 per cent jump in its production to 2.6Mt in FY17-18 following the consolidation of a grinding unit acquired last year. Speaking during the company's earnings conference call, Executive Director S Sreekanth Reddy said last year volumes reached 2.2Mt. In the 3Q the company acquired a grinding unit in Anakapally, Visakhapatnam, which will boost production volumes further. "Keeping all these things in mind the overall outlook for us for Sagar is to grow f...

India: Sagar Cements to invest another INR280m in power projects

13 April 2017, Published under Cement News

Sagar 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 December

06 January 2017, Published under Cement News

In 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....