Sagar Cements gained 3.20 per cent to close at Rs 388.10 after the company said that it has formed a joint venture with France-based Vicat SA, to set up a manufacturing facility at Gulbarga in Karnataka.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
		google_ad_client = 'businessstandard';
		//google_ad_client = 'ca-businessstandard_js';
		google_ad_width = 200;
		google_ad_height = 200;
		google_ad_format = "200x200_as";
		google_ad_type = "text";
		google_ad_channel = "";
		//google_color_border = "FFFFFF";
		google_color_border = "F7F7F7";
		//google_color_bg = "FFFFFF";
		google_color_bg = "ffffff";
		//google_color_link = "639ACE";
		google_color_link = "0253B7";
		google_color_text = "000000";
		google_color_url = "D63431";
		//google_skip = adsenseSkip;
		</script> 
		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The plant will have a grinding capacity of 5.5 million tonnes and clinker capacity of four million tones. The estimated project cost is around Rs 2,500 crore. Vicat also proposes to acquire a 6.67 per cent stake in the company at Rs 700 per share. 
</p><p class='TableClas'>The counter saw trading volumes of 1,12,050 shares, which is about eight times its two-week average. The intraday high-low was Rs 394.85-Rs 375. </P></p><p class='TableClas'></p></table>


Sagar Cements gains on French joint venture

DALAL STREET SPIKES

More From This Section

Idea shares fall after Q3 earnings disappoint

BofA-Merrill raises Indiabulls to 'buy', stock gains

Suzlon stocks jump 17% on CDR approval

Maruti Suzuki rallies as Q3 profit beats analyst's estimates

Explore News