Sagar Cements plans to hive off grinding unit.

(From Business Line)

Byline: C.R. Sukumar

Hyderabad, Sept. 15 - SAGAR Cements Ltd (SCL) is planning to hive-off its grinding unit at Bayyavaram in Anakapalle taluk of Visakhapatnam district.

The grinding unit is engaged in producing cement by grinding the surplus clinker made available from the company's main cement manufacturing facility at Mattampally in Nalgonda district here.

According to SCL officials, since the operating results of the grinding unit were not encouraging, the company undertook a comprehensive review of its operations and found increasing input costs and financial charges to be major …