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News Sagar Cements approves investment in new plants in Madhya Pradesh and Odisha

Sagar Cements approves investment in new plants in Madhya Pradesh and Odisha

Written by Global Cement staff 06 December 2018
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India: The board of directors of Sagar Cements has approved investments in new cement plants in Madhya Pradesh and Odisha. It plans to invest US$21m in Satguru Cement towards building a new 1Mt/yr plant at Indore in Madhya Pradesh. The project will also include a waste heat recovery unit. The total cost of the project is US$60m. Sagar Cements will hold a 65% equity share in Satguru Cement upon completion.

In Odisha the company has approved an investment of US$15m in Jajpur Cements in Jajpur. This project will build a new 1.5Mt/yr cement plant. The project has a total budget of US$43m. It is subject to approval by the Government of Odisha and other regulatory authorities as required.

Last modified on 12 December 2018
Published in Global Cement News
Tagged under
  • India
  • Sagar Cements
  • Investment
  • Plant
  • Madhya Pradesh
  • Odisha
  • Satguru Cement
  • Jajpur Cements
  • GCW383
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