Shiva Cement gets approval for revision of project cost

10 Jun 2011

Shiva Cement has received an approval from the project co-ordination committee authorized by the board for revision of project cost from Rs 163.50 crore to Rs 248 crore in view of revision in the expanded capacity up to 1.0 MTPA. The target for the commercial production of expanded capacity has been fixed as Q-4 of FY-2013.

Besides, Shiva Cement has received environment clearance from Ministry of Forest & Environment (MoEF), Govt. of India for expanding its cement plant capacity at Kutra (Sundergarh) from 0.132 MTPA to 1.05 MTPA. The company for this earlier inked Memorandum of Understanding (MoU) with the state industries department of Orissa Government. Further, the company is also looking to raise capacity of the split grinding unit near Jajpur from 1 mtpa in Phase-I to 2.6 mtpa.

The company's dispatch of cement and clinker during the period FY 2011 registered a growth of 7.2% in comparison to FY 2010. However, the total cement and clinker dispatch during the quarter January-March, 2011 was up by 1.4% in comparison to the same quarter of the previous year.

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.

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