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Shiva Cement trades with traction on the BSE

Shiva Cement is currently trading at Rs. 13.69, up by 0.17 points or 1.26% from its previous closing of Rs. 13.52 on the BSE.

The scrip opened at Rs. 13.69 and has touched a high and low of Rs. 13.73 and Rs. 13.32 respectively. So far 1856959 shares were traded on the counter.

The BSE group 'XC' stock of face value Rs. 2 has touched a 52 week high of Rs. 13.73 on 11-Jan-2017 and a 52 week low of Rs. 4.15 on 25-Feb-2016.

Last one week high and low of the scrip stood at Rs. 13.73 and Rs. 11.75 respectively. The current market cap of the company is Rs. 265.40 crore.

The promoters holding in the company stood at 37.15%, while institutions and non-institutions held 0.11% and 62.74% respectively.

Shiva Cement has executed a Share Purchase Agreement with JSW Cement, for sale of shares held by the promoters of the company. Shiva Cement has annual production capacity of 1.32 lakh tonnes with plans to expand to 2.6 million tonnes in phases. The company’s plant is spread over 70 acres and is adjacent to the State highway connecting Rourkela and Sambalpur.

Shiva Cement is engaged in manufacturing of cement and allied products. Its plants are located at Kalunga and Sundargarh in Orissa. The company has a combined installed capacity of 177,000 tonnes per annum.

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