NCLT approves Sagar Cements' acquisition of Andhra Cements
The Amravati bench of the National Company Law Tribunal (NCLT) has approved Sagar Cements' proposal to acquire Andhra Cements for INR9220m (US$111.3m). On 16 February the Sagar ...
Sagar Cements
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Sagar Cements wins bid to acquire Andhra Cements
Sagar Cements Ltd has been named as the successful bidder to acquire Andhra Cements Ltd. The Committee of Creditors at Andhra Cements voted with a majority in favour of the reso...
Sagar expects Andhra outcome before end of 2022
Sagar Cements expects to announce the outcome of its bid to acquire Andhra Cements before the end of December 2022. Sagar currently has a production capacity of 8.25Mta but hope...
Sagar Cements sees revenue of US$57m in the 3Q22
Sagar Cements Ltd has reported unaudited consolidated revenue from operations of INR4745.5m (US$57.22m) in the third quarter of 2022, compared to INR3689.3m in the same quarter ...
Dalmia and Sagar submit formal bids for Andhra Cements
Dalmia Cement (Bharat) Ltd and Sagar Cements have formally submitted offers to acquire Andhra Cements, according to Business Standard. Andhra Cements, which reportedly owes INR9...
Sagar Cements' Bayyavaram plant scoops energy awards
Sagar Cements ’ Bayyavaram grinding plant has been recognised as an Excellent Energy Efficient Unit by the Confederation of Indian Industry at this year’s Energy Management Exce...
Sagar Cements to submit acquisition plan for Andhra Cements
Sagar Cements will submit a resolution plan for its acquisition of Andhra Cements before 18 August 2022. According to The BusinessLine, the company hopes to receive the necessar...
Sagar Cements and Dalmia Cement express interest in Andhra Cements
Sagar Cements and Dalmia Cement are reportedly among the companies expressing an interest in Andhra Cements, which is currently undergoing insolvency proceedings, according to T...
Sagar Cements set to increase capacity to 8.25Mta
India’s Sagar Cements is reportedly increasing capacity to 8.25Mta by the end of December, according to BusinessLine. The company opened a 1Mta integrated plant in Madhya Prades...
Sagar Cements sees 23% decline in revenue
India’s Sagar Cements has reported a 23.3 per cent YoY decrease in revenue from operations to INR2.64bn (US$35.19m) in the first quarter of FY20-21, compared with INR3.44bn in t...