Shiva Cement Ltd updates on expansion project

Shiva Cement Ltd has provided update on Project Status for 4000 TPD Clinker Plant as below:

- The construction work has commenced after groundbreaking ceremony held on 22.10.2021.

- Engineering & Procurement Contract has been awarded to TKII, Pune, India.

- Construction contract has been awarded to L&T-Factory Division, Chennai.

- During engineering there has been a saving on 20% of the Civil Quantity.

- As on date more than 15% of Civil Work has been completed at Project site and as per the Project schedule 80% of the Civil construction is planned to be completed by July 2021.

- Waste Heat Recovery Boilers supply order has been awarded to Thermax, Pune, India.

Shares of SHIVA CEMENT LTD. was last trading in BSE at Rs.23.6 as compared to the previous close of Rs. 23.6. The total number of shares traded during the day was 257065 in over 631 trades.

The stock hit an intraday high of Rs. 24.5 and intraday low of 23.5. The net turnover during the day was Rs. 6160178.

Source : Equity Bulls

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