Support and Resistance Levels
Past performance
About Andhra Cements Ltd Andhra Cement Limited, originally part of the Sadu Jain Group, is a longstanding entity in the cement manufacturing industry, established in 1936. Known for its "Durga Prasad" brand, the company operates out of Vijayawada, with expansions over the decades bolstering its production capacity. Despite historical challenges, such as coal shortages and financial constraints, Andhra Cement has maintained operations through strategic expansions and modernization efforts, including a rehabilitation scheme sanctioned by BIFR in 1994.
In 2012, Andhra Cement became a subsidiary of Jaypee Development Corporation Limited, a Jaypee Group company, after an acquisition that provided JDCL with managing control. The company operates key facilities, including the Durga Cement Works and a 30MW Captive Power Plant. As of 2023, following a resolution plan approved by the National Company Law Tribunal, Andhra Cement became a subsidiary of Sagar Cements Limited, signaling a new phase in its operational leadership and strategic direction.