Sagar Cements

Sagar Cements - Acquisition of Andhra Cements Ltd. ▪SGC has received LOI from NCLT, Hyderabad for acquisiton of Andhra Cements Ltd (capacity 2.6mtpa GU; 1.8mtpa in Guntur & 0.8mtpa in Vizag/ 1.65mtpa clinker). ▪Our understanding says that the deal is likely to be <$45/ tn including capex to operationalize the plant. ▪Final approval to take another 2 weeks of time and production of cement/ clinker to commence in Q1FY24. View - This is positive as it will help to capture the future growth and maintain/ increase volume and market