Shiva Cement is likely to increase its production capacity to one million tonnes a year (mtpa) with an investment of Rs 270 crore. Currently, the company has capacity of 0.132 mtpa at Rourkela in Odisha. The company has inked pact with ACC, which holds 12.65% stake in the company, in order to sell its entire production.
In order to achieve this capacity, the company has already tied up the term loan with a consortium of banks while the promoters have invested Rs 30 crore. In the second phase, the company plans to further increase the capacity to two mtpa.
