Cement News tagged under: Shiva Cement
Shiva Cement to set up new 4000tpd unit21 October 2020, Published under Cement NewsIndia’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 India08 April 2020, Published under Cement NewsIndia-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 INR62.2m21 October 2019, Published under Cement NewsIndia-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 4QFY18-1924 April 2019, Published under Cement NewsIndia’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 deepens30 October 2017, Published under Cement NewsIndia’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 Cement12 January 2017, Published under Cement NewsJSW 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 Cement11 January 2017, Published under Cement NewsJSW 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... |
India: OCL in talks to buy Shiva Cement's Orissa plant13 October 2016, Published under Cement NewsShiva Cement is in talks with OCL India among others to sell its integrated cement plant in Orissa, according to the Financial Express. Shiva Cement shares surged as much as 15.68 per cent and hit their fresh 52-week high in morning trade. For the quarter ended 30 June 2016, the company registered a net loss of INR1390m (US$20.7m) against net profit of INR0.430m in the corresponding quarter a year ago. Net sales of the company decreased by 49.67 per cent YoY to INR8150m for the quarter... |
Shiva Cement first quarter dispatches up 16% YoY20 July 2015, Published under Cement NewsIndia-based Shiva Cement's dispatches of cement and clinker during the first quarter of FY15-16 rose by 16 per cent YoY, the company said in a statement to the Bombay Stock Exchange. Shiva Cement owns a 0.132Mt plant in Orissa in eastern India. Its natural marketing territory is Odisha, West Bengal, Jharkhand and Bihar states. Growth plans over the coming years include a Phase one expansion of up to 1Mta, followed by Phase 2 expansion taking capacity to more than 2Mta. Additional land a... |
Shiva April-Nov dispatches up 31% YoY02 December 2014, Published under Cement NewsShiva Cement's dispatches of cement and clinker from April-November 2014 were up by 31 per cent compared to the comparative period of the year before. Dispatches over the April-October 2014 period were up by 18.4 per cent compared to April- October 2013. Shiva Cement’s plants are located in located at Kalunga and Sundargarh in Orissa. |