Shiva Cement was incorporated in the year 1985 and production began in 1986. We took over the manufacturing facilities along with the mines from IPI-SP Cement in1997 through acquisition. IPI-SP Cement was CSE and BSE enlisted Cement company, a joint sector organization, with IPICOL (Govt. of Odisha).
Through the acquisition, the shareholders of IPI-SP Cement became our shareholders making us a listed company as well
In 2007, ACC Ltd entered into an alliance with us through the participation of equity and nominations from the Board of Directors. We submitted a a two-phase expansion plan(to 2.6 MTPA) to the government authorities of Odisha. We also entered into MOU with the Govt to this effect in 2011. Now, we shall be executing Phase 1 expansion from 0.132 MTPA to 1.0 MTPA. We shall commence Phase 2 in a year’s time. We are headed by a team of experienced directors who are assisted by an efficient team of employees and have received several awards for outstanding performances, over the years.
Run by a large family of 40,000 shareholders. Our idle assets are the surpluses of infrastructure and mining reserves.
These will be utilized in forthcoming expansions to fully unlock an Investor’s value.