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.
