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Shiva Cement executes share purchase agreement with JSW Cement

11 Jan 2017 Evaluate

Shiva Cement has executed a Share Purchase Agreement with JSW Cement, for sale of shares held by the promoters of the company. Shiva Cement has annual production capacity of 1.32 lakh tonnes with plans to expand to 2.6 million tonnes in phases. The company’s plant is spread over 70 acres and is adjacent to the State highway connecting Rourkela and Sambalpur.

Shiva Cement is engaged in manufacturing of cement and allied products. Its plants are located at Kalunga and Sundargarh in Orissa. The company has a combined installed capacity of 177,000 tonnes per annum.


Peers
Company Name CMP
Ultratech Cement 11195.00
Ambuja Cements 349.80
ACC 1142.35
Shree Cement 23000.15
Dalmia Bharat 1517.70
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