# Sagar Cements to acquire Andhra Cements for $111 million

Sagar Cements will pay $111 million to acquire Andhra Cements outright, more than doubling its capacity to 8.25 Mt/yr. It plans to invest $56.8 million in capex before 2025 to expand clinker and grinding capacity.

- Type: Acquisition
- Announced: 2023-02-20
- Where: India
- Value: $111.0M
- Status: announced
- Capacity: 8.25 Mt/yr cement
- Products: cement, clinker
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Sagar Cements Ltd](https://endata.com/companies/34630.md) (acquirer)
- [Andhra Cements](https://endata.com/companies/68652.md) (target)

## Sources

- [globalcement.com](https://www.globalcement.com/news/16008-sagar-cements-discloses-price-of-andhra-cements-acquisition), 2023-02-20: "Sagar Cements says that it will pay US$111m to acquire Andhra Cements outright."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.