Shiva Cement plans capacity expansion

Shiva Cement, the Orissa based company, proposes to expand its production capacity from the current 2.3 to 2.96 million tonne at its facility at Telighana in Sundargarh district.

The company plans to invest Rs 163.5 crore on the expansion so as to meet the region’s rising demand. The company proposes to fund the project with a term loan of Rs 80 crore while the remaining amount is expected to arrange through internal accruals.

Shiva has appointed Ercom Consulting as the consultant for the project.