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Sagar Cements provides update on subsidiary

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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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First Published: Dec 04 2015 | 6:38 PM IST

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