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Displaying items by tag: Sagar Power

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Sagar Power receives approval to resume operations at Panyam cement plant

28 June 2021

India: The Andhra Pradesh branch of the National Company Law Tribunal (NCLT) has approved Sagar Power’s resolution plan for the start of operations at the mothballed Panyam cement plant at Kurnool. Sagar Power intends to pay US$13.5m, together with RV Consulting Services, to settle the debts from the plant’s previous owners, according to the Times of India newspaper. The partners also plan to inject a further US$20.2m of fresh capital into the venture.

Published in Global Cement News
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Sagar Cements buys two hydroelectric power plants from Sagar Power

06 April 2018

India: Sagar Cements has acquired two mini hydroelectric power plants from Sagar Power in Andhra Pradesh. One has a capacity of 4.3MW located at Guntur Branch Canal, Narasaraopet, Guntur District and the other has a capacity of 4MW located at Lock-in-sula, Atmakur, Kurnool District. No amount for the transaction has been disclosed. The cement producer operates two integrated cement plants and one grinding plant.

Published in Global Cement News
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