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News Shree Cement denies links to Shiva Cement deal

Shree Cement denies links to Shiva Cement deal

Written by Global Cement staff 21 November 2016
  • Print

India: Shree Cement has denied that it is in talks to buy a majority stake in Shiva Cement describing media reports as ‘purely speculative.’ Local media had reported that Shree was considering buying Shiva for around US$0.22/share.

Shiva Cement has a 0.2Mt/yr cement plant near Rourkela in Sundergarh district in Odisha with on-going plans to upgrade the site to 1Mt/yr. The company also has captive limestone reserves in the area and produces both Sumangal

Last modified on 23 November 2016
Published in Global Cement News
Tagged under
  • India
  • Shree Cement
  • Shiva Cement
  • Odisha
  • Speculation
  • GCW278

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