Post Buy Requirement

Andhra Cements Limited, incorporated on 9th day of December 1936 under the Indian Companies Act 1913, and had since then experienced several Changes till date with respect to the Promoters and Management. Earlier, the Management of the Company transferred from the then promoters i.e. M/s Bennett Coleman Co. Ltd. (BDCL) to M/s Duncan Agro Industries Ltd., its known as Duncan Industries Ltd. (DIL) and under the Management Control of Shri G.P. Goenka (Duncan Goenka Group) who had acquired the Company in the year 1994 from BIFR. In the Year 2012 Jaypee Group has acquired about 60% shareholding of the Company and taken over the Management control with effect from February, 2012 by JAYPEE GROUP. Later, due to financial and operational crises the Cement Production activity was stopped and both the Units were shut-down since February 2020 to March, 2023 and all the Production and other Operations were at halt during this period. The Financial Creditors of the Company filed an Insolvency petition with NCLT under IBC in the month of April 2022. Finally, as per the Hon’ble NCLT, Amaravati Bench vide Order dated 16-02-2023, the Resolution Plan submitted by SAGAR CEMENTS LIMITED (SCL) has been approved. As per the approved Resolution Plan SCL infused Rs. 322.25 Crores for acquiring 95% Shareholding of the Company (Post Capital Reduction). Consequent to this SCL taken over the Management control of the Company in March, 2023. Now, ANDHRA CEMENTS LIMITED is a part of “SAGAR GROUP” and subsidiary of SAGAR CEMENTS LIMITED.

• Year of Establishment : 1970-01-01
• Legal Status of Firm : Active
• Nature of Business : Manufacturing
• Number of Employees : 100
• Annual Turnover : Rs. 5 - 10 Crore
• Member Since : Jul 2017
• GST :
• Import Export Code (IEC) :