Symbol (BSE): 532323
Website: https://shivacement.com/
Shiva Cement Ltd was founded in 1986 and it commenced operations in 1986 in Orissa. It is engaged in the business of manufacture and sale of cement, clinker, and trading of allied products.
They are the makers of high strength “Mahabal” cement which consists of both Portland Slag Cement (PSC) and Portland Pozzolana Cement (PPC).
Management
Read the company’s Corporate Governance Report here.
Their Goals
Acquisition By JSW Cement
In 2017, JSW Cement; a part of JSW Group acquired 37% stake in the company from the promoters of Shiva Cement for 97 crores and another 32% stake through open offer at 14 Rs. per share for a total of 87 crores.
Current Capacity
Currently, Shiva Cement owns and operates only 1 cement plant in Sundargarh, Odisha with a cement production capacity of 1,32,000 MT and clinker production capacity of 1,15,500 MT.
Their Advantages
Capex
Owing to ample stock of captive Limestone at Khatkur Bahal Mines, they planned to increase production to 4000 TPD Clinker in 20 acres and expand their territory in the states of Odisha, West Bengal, Jharkhand & Bihar. Investment – 1500 crore and expanding to 1.3 MT. Expected to be commissioned in June 2022.
Reason For Extremely Low Revenue & Profit
The new plant is being set up at the same location as the old one, thus currently no significant operations are taking place, thus it is not making a Profit and has extremely low Sales.
Competitive Advantage
Distribution Network
| Subscribe To Our Free Newsletter |
