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* - Tentative Dates
The company intends to utilize the Net Proceeds from the Issue towards the following objects:
Shiva Cement Ltd.'s revenue decreased by -52.22% and profit after tax (PAT) dropped by -215.33% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,391.49 | 898.36 |
| Revenue | 3.47 | 7.27 |
| Profit After Tax | -80.47 | -25.52 |
| Amount in ₹ Crore | ||
Shiva Cement Limited was founded in August 1985. The company is part of the JSW Group, an Indian conglomerate with an international portfolio of diversified assets in various sectors such as steel, energy, infrastructure, cement, paints, venture capital and sports. The company is engaged in the manufacture of clinker and trading of other related products.
The company has recently completed the expansion project and is currently operating a clinker production plant with a capacity of 4,000 TPD (equivalent to 1.32 MTPA), a waste heat recovery plant with a capacity of 8.9 MW and its own 132KV power feeder. The company is also in the process of setting up a 4 MTPA limestone crushing plant at its mines in Khatkurbahal, Odisha.
The manufacturing facility is strategically located on the geographical border of the three eastern states of India, namely Odisha, Chhattisgarh and Jharkhand, in close proximity to the raw materials they require for their operations and is well connected by road and rail to their major markets.
