Sagar Cements provides update on subsidiary

Govt. of Andhra Pradesh grants BMM Cements mining lease for limestone

Sagar Cements announced that the Government of Andhra Pradesh has since granted to the Company's Wholly-owned Subsidiary Company viz., BMM Cements, a mining lease for Limestone over an extent of 1,123.32 acres of land nearer to its plant located at Gudipadu Village, in Ananthapur District, Andhra Pradesh for a period of 20 years, which would enable the company to source its limestone requirements there from after execution of a formal lease deed with the appropriate authorities in due course.

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