Cement News tagged under: Shiva Cement
Shiva Cement reveals plans for new 1Mta plant30 July 2024, Published under Cement NewsShiva Cement Ltd , part of JSW Cement , has announced plans to construct a 1Mta grinding plant in Odisha, India. The new facility will be set up with Bhushan Power and Steel Ltd (BPSL) on BPSL’s site at Sambalpur. According to Shiva, the plant is expected to be completed by the end of September 2025, subject to the relevant approvals, and represents a total investment of INR3800m (US$45.4m). |
Shiva Cement reports loss in FY2429 April 2024, Published under Cement NewsIndia-based Shiva Cement Ltd has reported revenue from operations of INR1444.5m (US$17.3m) in the quarter ended 31 March 2024. This compares to INR978.5m in the previous quarter. The company saw a total loss for the three-month period of INR119.2m, down from the INR323.8m loss recorded in the previous quarter. Total expenses over the same period advanced from INR1423.1m to INR1605.4m. For the full-year 2024, ended 31 March 2024, revenue from operations stood at INR3467.2m. A total loss... |
Shiva Cement announces resignation and appointment22 December 2023, Published under Cement NewsIndian cement producer Shiva Cement Ltd has announced the resignation of Rajendra Prasad Gupta as non-executive director of the company. He will also cease to be chairman/member of the committees constituted by the Board of Directors. Aged 75, Mr Gupta has expressed his intention to retire to spend more time with his family and other commitments. Shiva, which is part of JSW Cement , has also named Shouvik Chakraborty as an additional non-executive, non-independent director, as agreed ... |
JSW Cement announces key milestones01 September 2023, Published under Cement NewsJSW Cement has announced a number of milestones that underscore the company’s commitment to innovation, sustainability and expansion. Shiva Cement , a subsidiary of JSW Cement, has successfully commissioned its waste heat recovery systems, not only enhancing operational efficiency but also contributing significantly to the reduction of carbon emissions. “The utilisation of waste heat to generate energy aligns with the company’s commitment to sustainability and minimising its envi... |
Shiva Cement inaugurates Sundergarh mill19 June 2023, Published under Cement NewsIndia-based Shiva Cement , part of JSW Cement , has inaugurated its new cement plant in Sundergarh, Odisha. The new plant has an overall capacity of 1.05Mta as well as an additional 0.27Mta of cement capacity. Parent company, JSW Cement, announced plans to increase its installed capacity to 25Mta, up 47 per cent, in October 2022. |
Shiva Cement's income tumbles as expansion plans continue18 May 2023, Published under Cement NewsShiva Cement Ltd , part of JSW Cement , has reported total income of INR34.74m (US$421,582) in the year ended 31 March 2023, compared to INR72.7m in the previous year. Finance costs advanced from INR87.93m in the year ended 31 March 2022 to INR128.53m a year later, while depreciation and amortisation expenses jumped from INR70.56m to INR589.86m over the same period, the latter of which is linked to the company’s current expansion plans. This resulted in a loss after tax of -INR804.7m in th... |
Shiva Cement turnover down 88%22 August 2022, Published under Cement NewsIndia’s Shiva Cement has reported turnover for FY2021-22 of INR34.65m (US$433,491), down 88 per cent YoY, primarily due to the suspension of plant operations on the back of ongoing project activity. EBITDA over the same period fell four per cent to a loss of INR80.17m, while profit after tax fell 16 per cent to a loss of INR255.2m. This was due to lower sales volumes, which fell 89 per cent YoY in FY2021-22, along with an increase in the cost of production. “Our main project, the 40... |
Shiva Cement received environmental clearance for Orissa plant expansion28 March 2022, Published under Cement NewsIndia-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 NewsIndia’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 project07 January 2021, Published under Cement NewsIndia’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. |