Sagar Cements Ltd. has raised INR 350 Crores from Premji Invest to accelerate its growth and enhance governance as it aims to establish itself as a pan-India cement player.
Information on the Target
Sagar Cements Ltd. has successfully raised equity funding amounting to INR 350 Crores (approximately USD 46 million) through a preferential allotment to PI Opportunities Fund - Scheme II, an affiliate of Premji Invest. Founded in 1985, Sagar is recognized as India's lowest-cost cement producer, boasting a current installed capacity of 8.25 million tons per annum (MTPA). While its core operations are primarily in the Southern region, Sagar Cements has recently expanded its market presence into Eastern and Central India through strategic acquisitions.
Industry Overview in India
The Indian cement industry is one of the largest in the world, witnessing substantial growth due to rapid urbanization, infrastructure development, and increased housing activities. As of 2023, India's cement production capacity is estimated to be over 500 MTPA, supported by a robust demand pipeline from government initiatives and a growing population.
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The Southern region of India has historically been a key player in the cement sector, characterized by a competitive landscape and an increasing n
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Premji Invest
invested in
Sagar Cements Ltd.
in 2022
in a Other Private Equity deal
Disclosed details
Transaction Size: $46M
Equity Value: $46M