Sagar Cements leads race for Jaypee's Andhra Cements

Sagar Cements is the frontrunner to acquire Andhra Cements, a Jaypee Group company undergoing insolvency proceedings. Since Andhra Cements is listed, Sagar Cements would first be required to make an open offer to the public immediately after buying 25 per cent of the equity. Second, it would be liable to pay the entire government and trade creditors’ dues. According to its latest annual report, Sagar Cements reportedly has a production capacity of 8.25 mtpa as of the end of March 2022.

Contact: Sagar Cements

Tel: 040-2335 1571

Website: sagarcements.in

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