Andhra Cements Limited
Company is in business of cement production and is part Jaypee Group. Company is having 2 manufacturing Plants situated in Andhra Pradesh.Plant operations of the Company areat halt due to shortage of working capital and consequential attachment of stocks and bank accounts of the Company by the GST authorities and Power disconnection by the concerned Electricity Board.
What Andhra files
- Others41
- Board Meeting13
- Important11
- Updates8
- Insider Trade4
- Credit Ratings3
Andhra Cements has announced its 87th Annual General Meeting (AGM) will be held via video conference. The company will transact important business, with details sent to shareholders shortly.
Andhra Cements will not be classified as a 'large corporate' for FY 2026-27, not meeting criteria for specific debt issuance regulations. Its outstanding borrowings reached 702.98 Cr, with 126.47 Cr added this year.
Sagar Cements, promoter of Andhra Cements, will sell 7.24% stake (66.76 lakh shares) via OFS at a floor price of ₹52/share. This move, valued at ~₹34.72 Cr, aims to increase public shareholding from 17.76% to 25% for compliance.
Andhra Cements' promoter, Sagar Cements, plans to divest 75 lakh shares (8.14% stake) via an Offer for Sale at a floor price of ₹72/share, targeting ~₹54 Cr. This move aims to comply with public shareholding requirements.
Andhra Cements completed a 6-stage preheater as part of its modernization project. This expands clinker capacity from 1.65 MTPA to 2.30 MTPA and cement grinding from 1.82 MTPA to 3.00 MTPA. Cement Mill works are ongoing.