Sagar Cements To Sell Its Stake In Jv To Vicat Business

India Sagar Cements plans to sell its 47 stake in the joint venture company Vicat Sagar Cement to Vicat Group. Sagar Cements board will consider the sale of its investment in the plant located at Chatrasal, Karnataka, at a meeting on 15 July 2014. Sagar Cements had invested US14.3m in the first phase of the plant with 2.75Mtyr capacity.

Mar 19, 2014 HYDERABAD Frances Vicat has started talks with its JV partner to buy the 47 stake it does not own in Vicat Sagar Cement in a deal that is likely to value the company at around Rs 4,100 crore, two people familiar with the development said. If the deal with Sagar Cements fructifies, it will be.

2012323 Unitech demands 150 million from Telenor to exit joint venture Unitech has sought about 150 mn from Telenor to sell its 32.7 stake in their telecom JV.

Jun 25, 2008 Sagar Cements is partnering Vicat SA of France for setting up a 5.5 million tonne cement plant in Gulbarga, Karnataka. The 4951 JV will see the global cement major infusing a.

Vicat JV value accretion at low cost Sagar entered into a JV with Vicat SA for setting up a 5.5 mtpa cement plant at a capex of Rs 25 bn 70 debt funded in Gulbarga, Karnataka. Sagar is expected to benefit significantly from this JV, particularly due to higher stake at lower cash infusion Sagar is entitled for 47 stake with a 19.7 cash.

2019621 Sagar Cements in talks to buy BMM Cements Economic Times Hyderabadbased Sagar Cements is in talks to buy Bangaloreheadquartered BMM Cements as it looks to invest the Rs 435 crore it received from Frances Vicat by selling its 47 stake in their JV earlier this year.

India Sagar Cements plans to sell its 47 stake in the joint venture company Vicat Sagar Cement to Vicat Group. Sagar Cements board will consider the sale of its investment in the plant located at Chatrasal, Karnataka, at a meeting on 15 July 2014.

Vicat Sagar Cement Plant constructed by LT. Vicat Sagar Cement Pvt. Ltd., VSCPL a joint venture between the Vicat Group of France and Sagar Cements Limited of India, put up its first integrated greenfield cement plant at Chatrasala Village in Gulbarga District of Karnataka, India.

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20141128 India Sagar Cements has completed the sale of its 47 stake in its joint venture company, Vicat Sagar Cement. Sagar had earlier obtained approval from the shareholders through postal ballot for the sale. Sagar and Vicat entered into the joint venture in June 2008 with the objective of setting up a 5.5Mtyr cement plant in Gulbarga, Karnataka.

Sagar Cements today said its board of directors has approved the sale of its entire 47 per cent stake in Vicat Sagar Cement Private Limited for Rs 435 crore Rs 66.68 per equity share to Parficim SAS.

Expansion Of Cement Plant By Vicat Sagar Cement Pvt Ltd. About the Company Kalburgi Cements Ltd was started as a joint venture between Vicat SA and Sagar Cement and was known as Vicat Sagar Cement Pvt Ltd and changed its name to Kalburgi Cement Pvt. Ltd. in 2015 after buying 100 stake in its joint venture.

2019729 Sagar Cements Director Reports, Company Financial Results of Sagar Cements, Company History, Directors Report, Chairmans Speech, Auditors Report Director Reports, Company Results info of Sagar.

2014928 The board will meet on 15 July to consider the sale of its investment, Sagar Cements informed BSE. In 2008, Sagar Cements had formed the JV with French cement firm Vicat for a 5.5 million tonnes per annum mtpa greenfield cement plant with a 60 megawatts MW captive power plant at Chatrasala in Karnatakas Gulbarga district at Rs.2,500 crore.

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2014319 HYDERABAD Frances Vicat has started talks with its JV partner to buy the 47 stake it does not own in Vicat Sagar Cement in a deal that is likely to value the company at around Rs 4,100 crore, two people familiar with the development said. If the deal with Sagar Cements fructifies, it will be.

Read more about Cement makers in AP, TS in losses on Business Standard. Demand declines from 2.5 million tonne a month to 1.21.3 million tonne at present By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy unless you have disabled them.

2013215 The company also aims to accelerate the operational capacity at its Damoh plant in Madhya Pradesh, which will be raised to 6 MT Francebased Vicat Group is likely to sell 4.5 MT of cement in India in FY 2013, said Mr Gilles du Manoir, CountryHead India, Vicat.

Sagar Cements is set to sell its 47 per cent stake in the joint venture Vicat Sagar Cement Pvt Ltd. to the Vicat Group. The board of directors of the Hyderabadbased company will consider the sale of its investment in the plant located at Chatrasal, Gulbarga district of Karnataka, at a.

2018331 Directors Report of Sagar Cements Ltd. including company performance and company plans, if any. exited from its JV with Vicat Group, by selling its.

French cement maker Vicat Group was planning to buy out its Indian partner Sagar Cements 49 stake in JV, Vicat Sagar Cements for a consideration of Rs 4,100 crore, Chettinad cement corporation limited had acquired Hyderabadbased Anjani Portland for an enterprise value of Rs 360380 crore.

201987 Cement company Vicat organization throught the world VicatVicat, a multilocal group. Present in six parts of the world, Vicat will continue to develop its cement business in emerging countries, whe. Manufacturer Exporter of Concrete Batching Plants, Concrete mixer and Crusher. Home dry vicat sagar cement plant locations for sale.

Jaiprakash Associates Deleverages Balance Sheet. Apr, 2014. SAVE French cement maker Vicat Group was planning to buy out its Indian partner Sagar Cements 49 stake in JV, Vicat Sagar Cements for a consideration of Rs 4,100 crore, Chettinad cement corporation limited had acquired Hyderabadbased Anjani Portland for an enterprise value of Rs.

Sagar Cements Limited has agreed to sell its entire 47 stake in the jointventure Vicat Sagar Cement Private Limited to its French partner Vicat Group for Rs 435 crore. The JV was formed in June 2008 with an objective of setting up a 5.5 million tonne cement plant in Gulbarga in Karnataka.

2013130 India Vicat Group, the French multinational cement producer, has announced the first line of commercial dispatch from its 2.75Mtyr greenfield cement plant in Chatrasala village, Gulbarga district, Karnataka. Cement from the plant will be marketed under the brand name of Bharathi Cement and targeted for domestic consumption in north Andhra Pradesh, north Karnataka and Maharashtra.

Jul 16, 2014 Sagar Cements today said its board of directors has approved the sale of its entire 47 per cent stake in Vicat Sagar Cement Private Limited for Rs.

Vicat sagar cement mines . Francebased cement major Vicat SA is holding discussions to acquire 47 per cent equity stake held by its Indian partner Sagar Cements in Vicat Sagar Cement Pvt Ltd in a deal that may value Vicat Sagar at Rs 4,100 crore, according to a report by The Economic Times citing sources.

Mar 19, 2014 HYDERABAD Frances Vicat has started talks with its JV partner to buy the 47 stake it does not own in Vicat Sagar Cement in a deal that is likely to value the company at around Rs 4,100 crore, two people familiar with the development said.