Sagar Cements, French co venture to begin production in October

The joint venture cement plant of Sagar Cements Ltd and Vicat Group of France will commence production in October. “The clinkerisation is expected to be completed by September end,’’ Mr Srikanth Reddy, Executive Director, Sagar Cements, told Business Line here. The plant, coming up at Chatrasal in Gulbarga district of Karnataka, would be fully operational with cement production beginning in October, he added. The Rs 2,500-crore joint venture comprises two phases. The first phase, which is almost ready now, had a Rs 1,650-crore investment with a cement production capacity of 2.5 million tonnes. The total capacity, including second phase, would be at 5.5 million tonnes by 2014, Mr Reddy added.