Comments
Sagar Cements Ltd has commissioned a private rail line constructed as part of a siding project with an investment of ₹120 crore.
“The project which has been under implementation for some time now, has since been completed and became operational last week,” S Sreekanth Reddy, Executive Director, Sagar Cements, told BusinessLine .
The project will result in a ‘significant’ reduction in the company's freight cost both with respect to raw materials as well as its finished product, apart from expanding its market reach. The 7-km line connects Sagar Cements’ plant near Matampally in Nalgonda district with the main railway line. “The savings will be in the form of cheaper inward and outward freight. We expect ₹10-crore savings per annum on inward freight,” Reddy said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.