Outcome of board meeting of Sagar Cements

Held on 26 February 2018

The Board of Sagar Cements at its meeting held on 26 February 2018 while approving the corporate budget for 2018-19 has also accorded its approval for the allocation of the entire assets of the two mini hydel power plants, one with a capacity of 4.3 MW located at Guntur Branch Canal, Narasaraopet, Guntur District and the other with a capacity of 4 MW located at Lock-in-sula, Atmakur, Kurnool in the state of Andhra Pradesh both belonging to Sagar Power, a related party, for a sum not more than Rs 26.90 crore.

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