Sagar Cements Ltd

Sagar Cements Limited will hold a board meeting on June 5, 2026, to consider a Scheme of Amalgamation to merge its subsidiary, Andhra Cements Limited, into the parent company.

The Board of Directors of Andhra Cements Limited granted in-principle approval to merge with its holding company, Sagar Cements Limited. The merger is subject to regulatory and shareholder approvals.

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.

Sagar Cements Ltd is planning to increase clinker production capacity from 2.0 to 4.81 MTPA and cement from 2.35 to 5.0 MTPA at its Mattampally unit in Telangana, along with installation of a 2x18 MW coal-based thermal power plant and a 15 MW waste heat recovery power plant. The plan was announced on September 30, 2018.