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Sagar Cements to lay private railway line

Friday, 14 Jun 2013
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Sagar Cements is laying a private railway line to improve its market reach and cut freight costs in Andhra Pradesh.

It will construct a seven km line with an investment of Rs 120 crore. The railway line will connect the company's plant, near Matampally in Nalgonda district of Andhra Pradesh, with the main railway line.

Of the proposed investment of Rs 120 crore, Rs 98 crore is to come from debt and the remaining from internal accruals. However, the company has already invested Rs 20 crore in the project. The line is expected to be completed by FY2015.



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