Sagar Cements to lay pvt railway line
The move will help the company to improve its market reach and cut freight costs. Sagar Cements' dispatches were 15.50 lakh tonnes in March 2013; of that, 39,449 tonnes were transported by rail. It is expected that the dispatches by rail are expected to go up 20 per cent after the private line is laid.
The company plans to get the line ready by FY2015. Sreekanth Reddy, Executive Director, Sagar Cements, said that Rs 20 crore has already been invested in the project and that the completion of this line would lead to better efficiencies and savings in costs.