In an interview with CNBC-TV18, Anil Kumar Pillai said that JSW will use part of Shiva cement's clinker for its Salboni unit and this acquisition will help in leveraging grinding operations in the eastern region.
Speaking to CNBC-TV18, RP Gupta, MD & chief promoter of Shiva said that Shiva Cement will sell 19.5 crore shares to JSW Cement. The promoters, who has 36 percent stake in SHiva, will exit the company once the deal is done.
RP Gupta, CMD, Shiva Cement in an interview with CNBC-TV18 said post the expansion the plant capacity will be1 MTPA and the project cost is Rs 250 crore. The company expects to fetch revenues worth Rs 300 crore against its current revenue of Rs 55 crore.
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