Cement News tagged under: Sagar Cements
Sagar Cements sees improvement in consolidated production in August06 September 2019, Published under Cement NewsIndia’s Sagar Cements has reported a 11.7 per cent YoY fall in its standalone production figures for August 2019, which declined to 182,891t from 207,008t. However, consolidated production climbed 2.5 per cent to 250,081t from 243,963t. Standalone cement sales were down 3.8 per cent YoY to 194,819t in the month, compared to 202,429t in August 2018. Meanwhile, consolidated cement sales advanced 8.9 per cent to 268,997t. |
Sagar Cements records 22% rise in production for July07 August 2019, Published under Cement NewsIndia’s Sagar Cements has seen a 22.3 per cent increase in consolidated cement production to 281,597t in July 2019, compared with 230,193t in the year-ago period. Standalone production rose 21.2 per cent to 200,808t from 165,629t. Consolidated cement sales also surged 25.1 per cent to 274,822, against 219,748 in July 2018. |
Sagar Cements reports rise in cement production for May07 June 2019, Published under Cement NewsIndia’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 acquisition08 May 2019, Published under Cement NewsIndia-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 projects06 December 2018, Published under Cement NewsSagar 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 increase07 November 2018, Published under Cement NewsIndia’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 September08 October 2018, Published under Cement NewsIndia’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 expansion13 June 2018, Published under Cement NewsIndia'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 revenue07 February 2018, Published under Cement NewsStar 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 production14 June 2017, Published under Cement NewsSagar 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... |