Cement News tagged under: Shiva Cement

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Shiva Cement received environmental clearance for Orissa plant expansion

28 March 2022, Published under Cement News

India-based Shiva Cement , owned by JSW Cement , has received environmental clearance from the Ministry of Environment, Forest and Climate Change to expand its cement plant in Kutra, Orissa, to 3Mta clinker capacity and 2Mta cement capacity. The project includes the installation of a 12MW waste heat recovery power generation system. The company will mine limestone from the Khathurbahal North block with a production capacity of 1.6Mta limestone and 0.035Mta mineral reject, 0.033Mta of top...

Shiva Cement sees net revenue down 8%

25 January 2021, Published under Cement News

India’s Shiva Cement has reported a standalone net loss of INR58.6m (US$803,778) in the 3QFY20-21, compared to an INR61.4m loss in the year-ago period. Net revenue declined 7.6 per cent YoY to INR70.1m from INR75.9m. However, operating expenses also fell 12.1 per cent to INR90.1m.

Shiva Cement receives approval for 1.32Mta project

07 January 2021, Published under Cement News

India’s Shiva Cement (JSW Cement) has now received approval from the state government of Odisha to add 1.32Mta of clinker capacity and 1.05Mta of cement production capacity in the form of a new facility in the Sundargarh district. The project, worth INR15.23bn (US$207.88m), received clearance during a High-Level Clearance Authority (HLCA) meeting on Wednesday.

Shiva Cement to set up new 4000tpd unit

21 October 2020, Published under Cement News

India’s Shiva Cement has announced plans to set up a new 4000tpd clinker unit and 1Mta grinding plant. The total cost of the project is expected to reach INR15.3bn (US$208.02m), with the ground-breaking ceremony expected to take place on 22 October 2020. The company also reported a net loss of INR62.6m in the quarter ending September 2020, compared with a net loss of INR62.3m in the year-ago period. Net sales declined 6.5 per cent YoY to INR52.3m, according to the Business Standard.

Shiva Cement scales down cement production in India

08 April 2020, Published under Cement News

India-based Shiva Cement Ltd has informed the Bombay Stock Exchange on 6 April that in the wake of the COVID-19 outbreak across the world, including India, the company has been taking various precautionary measures to ensure the safety and health of the employees and their families, at its offices and manufacturing location in Orissa, eastern coast of India. However, the company has scaled down its manufacturing operations following the nationwide lockdown in the country and various advisor...

Shiva reports 2Q loss at INR62.2m

21 October 2019, Published under Cement News

India-based Shiva Cement Ltd has reported net sales of INR57.2m (US$806,037) in the 2QFY19-20 as compared to INR106.8m in the 1QFY19-20. When compared with the 2QFY18-19, sales increased 28 per cent from INR44.7m. In addition, the company posted a net loss of INR62.2m in the second quarter, when compared with INR41.3m in the first quarter of this financial year. However, net loss was up 5.3 per cent when compared with INR5.91m in the 2QFY19-20.

Shiva Cement announces net loss in the 4QFY18-19

24 April 2019, Published under Cement News

India’s Shiva Cement has reported a net loss of INR51.2m (US$732,110) for the quarter ended March 2019, against a net profit of INR24.1m during the year-ago period. Sales declined 5.6 per cent YoY to INR84.2m from INR89.2m. For FY18-19, the company’s net loss narrowed to INR212.6m from INR310.9m. Meanwhile, sales increased 16.3 per cent to INR293.8m in the full-year period, compared with INR252.6m of the previous financial year.

Shiva quarterly net loss deepens

30 October 2017, Published under Cement News

India’s Shiva Cement has reported a deepening net loss of INR86m (US$1.33m) in the July-September 2017 quarter when compared with a net loss of INR26.3m in the year-ago quarter. Sales fell 41.8 per cent to INR36.6m in the quarter ended September 2017 when compared with INR62.9m in the July-September 2016 quarter.

India: JSW Cement takes 37% stake in Shiva Cement

12 January 2017, Published under Cement News

JSW Cement has bought out the promoters of Odisha-based Shiva Cement, acquiring 37.15 per cent of the latter’s equity, the Economic Times reports. "The share purchase agreement has been executed with JSW Cement Ltd, for sale of shares held by the promoters of the company," Shiva Cement said in a stock exchange filing. JSW has also made an open offer to acquire a further 32 per cent of publicly held shares in Shiva – a majority stake. Shree Cement had also been in the running to acqu...

India: JSW Cement acquiring controlling stake in Shiva Cement

11 January 2017, Published under Cement News

JSW Cement Ltd is to buy the entire promoter holding in cement maker Shiva Cement Ltd and launch an open offer to acquire another 32 per cent from the company's public equity shareholders. Odisha-based Shiva Cement confirmed that it has agreed to sell its 35.6 per cent promoter holding to JSW Cement at INR14/share (US$0.20/share). In a separate BSE filing, JM Financial Institutional Securities Ltd, manager to the offer, said that JSW Cement, together with Sun Investments Pvt Ltd and Re...