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Sagar Cements In Talks To Acquire Bmm Cements

Author:Machine Time:2010-05-14
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About sagar cement sagar cement is a small sized south based company based in nalgonda district which acquired bmm for enterprise value of 540 cr last year the acquisition was primarily funded by proceeds of sale of the 47 stake in vicat sagar cement private limited in september 2014 to its french partner vicat group for rs 435 cr.

with effect from ma the name of sagars wholly owned subsidiary bmm cements ltd has been changed to sagar cements r ltd the hyderabadbased sagar cements had acquired bmm cements.

sagar cements ltd will consolidate the acquisition of bmm ltd before end of september this year the ramp up for bmm is more or less complete as far as volumes are concerned.

Bmm cements latest news of mines products as a leading global manufacturer of crushing grinding and mining equipments we offer advanced reasonable solutions for any sizereduction requirements including bmm cements latest news of mines quarry aggregate and different kinds of minerals.

ultratech too is in talks to acquire some of jaiprakashs plants sagar cements ltd gave an inprinciple approval to buy 100 stake in the privatelyheld bmm cements ltd many other.

sagar cements sagar cements indias fourteenthlargest cement producer had three cement plants with 5mtyr of production capacity in 2014 in november 2014 it acquired bmm cements a 1mtyr cement plant with a 25mw captive power plant and limestone reserves in anantapur andhra pradesh jaiprakash associates.

Good afternoon everyone and welcome to sagar cements earnings conference call for the third quarter and for nine monthsended 31st december 2014 let me briefly share with you some insights with regard to the sector the demand environment continued to remain sluggish during the.

In fy15 it acquired bmm cements for rs 540 crores which has a cement capacity of 1 mtpa and a clinker capacity of 07 mtpa bmm cements has a 25 mw thermal captive power plant and a 20 year limestone mining lease in june 2016 sagar received an approval to acquire a 02 mtpa grinding unit of toshali cements for rs 60 crores.

sagar cement is in talks to buy bmm cements as it plans to use the proceeds from the sale of its stake in the vicat sagar joint venture to fund growth organically and through mampa activity bmm cements operates a 1mta integrated cement works along with a 25mw captive power plant near the tadipatri in anantapur district of andhra pradesh.

currently part of bharat mines amp minerals group bmm group bcl shareholders in november 2014 had agreed to transfer ownership to sagar cements limited scl after the transfer bcl will become a whollyowned subsidiary of scl scl has 275mtyr of cement capacity spread across two plants in matampally and pedaveedu both in nalgonda telangana.

india the board of directors of sagar cements ltd scl has approved the companys move to acquire a 100 stake in bmm cements ltd which owns a 1mtyr capacity cement plant and other assets in andhra pradesh the proposed acquisition will take scl groups total cement capacity to 375mtyr from the existing capacity of 275mtyr bmm has an enterprise value of us884m 155mt.

the hyderabadbased sagar cements is also working on closing the deal of bmm acquisition in september last year it announced the plan to.

cement makers exported 744mt in the same period of the 2013 2014 financial year the apcma appealed to the government to support local manufacturers in winning back the afghan market by withdrawing duties which would enable them to compete with highlysubsidised iranian cement there is a 5 federal excise duty and a 17 general sales tax.

cement part of the chettinad group is acquiring a majority stake in bhavya cements which has around 14 million tonnes a year of cementmaking capacity and annual revenue of more than 300 crore hyderabadheadquartered anjani portland said it would pay a provisional price of 5153 a share for the stake in unlisted bhavya cements.

the key players in the market include ultratech ramco chettinad and india cements some of the significant mergers and acquisitions in the south indian cement market in recent years include anjani portland 12 million tonnes by chettinad shree jayajothi 32 mt by my home bmm 1 mt by sagar cements and jp associates 5 mt by ultratech.

get latest sagar cement newsupdates and resultsanalysis also get sagar cement sharestock detailed information on sagar cement along with top stories and articles on sagar cement.

hyderabadbased cement manufacturer sagar cements ltd is buying bmm cements ltd at an enterprise value of rs 540 crore 90 million sagar cements board has given its inprinciple approval for the proposed acquisition as per a stock market disclosure.

read more about sagar cements board nod to acquire bmm ltd on business standard bs reporterhyderabad 25 september board of directors of hyderabadbased sagar cements limitedscl on wednesday approved the companys move to acquire 100 per cent stake in bmm cements limited which owns a cement plant of 1 million tonne capacity.

sagar cements ltd will acquire bmm cements ltd which has a one million tonne capacity plant at gudipadu near tadipatri in anantapur district of andhra pradesh the board of directors of the hyderabad.

Strong brand built over the last 35 decades sagar cement note bmm cements acquired in 2015 has been renamed as sagar cements r limited scl will acquire the entire shareholding from the current promoters and obtain.