Sagar Cements gains on production growth in July

Sagar Cements has reported the cement production figures for July 2019. The company’s standalone cement production/purchase for July 2019 stood at 2,00,808 million tonnes (MT), up by 21.24 per cent compared to 1,65,629 MT produced in July 2018. The company’s consolidated cement production for July 2019 stood at 2,81,597 MT, up by 22.33 per cent compared to 2,30,193 MT produced in July 2019.

Further, the company’s standalone cement sales for July 2019 stood at 1,94,943 million tonnes (MT) up by 23.66 per cent compared to 1,57,642 MT sold in July 2018. The company’s consolidated cement sales for July 2019 stood at 2,74,822 MT, up by 25.06 per cent compared to 2,19,748 MT sold in July 2019.

Sagar Cements is a prominent player in the field of cement in Andhra Pradesh for over 3 decades adopting progressive manufacturing practices, whether it relates to maintaining high standards of quality of its products or development of its highly valued human resources or the need to keep the pollution to the barest minimum.

On Wednesday, the stock of Sagar Cements gained 4 per cent and made an intraday high of Rs. 607.65 on the BSE. At 11:37 hours, the stock was trading nearly at Rs. 599.60 on the BSE.