Sagar Cements (SCL) has received in-principle approval for the acquisition of 100% equity stake in BMM Cements, which owns a cement plant of 1 million tonne capacity per annum and a captive thermal power plant of 25 MW capacity in Gudipadu near Tadipatri Anantapur District in the state of Andhra Pradesh. This company which has an Enterprise Value of Rs 540 crore has limestone reserves of around 155 million tonnes (MT).
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