India-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”.
The remaining investment will be used to realise Sagar’s plans to increase the Bayyavaram plant’s capacity to 3Mta. The company currently has a clinker capacity of 3Mta and a grinding capacity of 4Mta.
