Sagar Cements to invest Rs 28 crore in captive power project
Sagar Cements Ltd will be investing an additional Rs. 28 crore in the ongoing captive power production project and a new solar power plant. The Board of the company had earlier approved the recommendations of its investment committee to revise the capacity of its coal-based power plant. This facility is being built at Mattampally, and the capacity will go up from 15 MW to 18 MW with an additional investment of Rs 23.66 crore. Sagar Cements plans to fund this activity through borrowings and internal accruals. The project is expected to be commissioned by March 2019. The plant will have a Circulating Fluidized Bed Combustion (CFBC) boiler which is economical, besides meeting the latest regulatory requirements of sulphur oxides and nitrogen oxidises emission norms.