Displaying items by tag: Shiva Cement
Shiva Cement gets nod for 200,000t/yr capacity expansion
20 August 2014India: Shiva Cement has received approval for an Interim Business Plan for a 200,000Mt/yr capacity expansion as proposed by the Project Management Committee (PMC). Shiva Cement's board of directors has also approved the project. Besides, the PMC has been authorised to take decisions for leasing, sale, disposal, or to deal with the idle fixed assets in the best interest of the Shiva Cement.
Shiva Cement plans US$45m upgrade
10 July 2013India: Shiva Cement is planning to upgrade its cement production capacity to 1Mt/yr with an investment of US$45m. The cement producer currently has a capacity of 0.13Mt/yr at Rourkela in Odisha. The company has an agreement with ACC, who holds a 13% stake in Shiva Cement, to sell its entire production.
"Since we have the requisite land at our existing facility and all the approvals are in place, we expect the project to be completed by the first half 2015," said RP Gupta, chairman and managing director of Shiva Cement. In a second phase the company plans to further increase its capacity to 2Mt/yr.