Odisha-Based Shiva Cement Declared Preferred Bidder For Key Limestone Block
Mumbai: Odisha-based Shiva Cement has been declared as a preferred bidder for the Khatkurbahal (North) Limestone Block, which is adjacent to its existing mine and has received the government’s nod to expand its mining operation.
JSW Cement, which owns 54 per cent stake in Shiva Cement, said in a statement said the developments will help to enhance its targetted capacity to 25 MTPA from 14 MTPA. Besides, JSW will be able to strengthen its presence in the eastern market.
The company said Shiva Cement has received Consent to Establish (CTE) approval for expanding its mines from 0.12 MTPA to 0.345 MTPA. Environmental Clearance (EC) has also been received for expanded ‘clinker’ and cement production.
The availability of limestone from the existing and new block will support the company’s plans to establish
1 MTPA clinker unit at Shiva Cement. This clinker unit will also supply raw material to JSW Cement’s manufacturing plant at Salboni in West Bengal and Jajpur in Odisha, the statement said.
Besides, JSW will also add 1 MTPA grinding capacity at Shiva Cement. The clinker and grinding projects at Shiva Cement will be established with a capital investment of Rs 800 crore planned over four years between the financial year 2020 and 2023, the company statement added.
In the eastern region, JSW is adding the largest chunk of production capacities of over 5 MTPA taking its capacity to 9 MTPA.
The company has recently won an Environmental Product Declaration (EPD) by Sweden’s EPD International for producing cement, which has the lowest global warming potential in the cement industry.