Economy & Market

Shiva Cement aims for 450 cr

Published

5 years ago

October 14, 2021

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Shiva Cement is expecting Rs 450 crore revenues in FY16 on the back of expansion plans, an official has said. The company has embarked on a massive capacity expansion and has signed MoU with the Odisha government involving investment of Rs 800 crore recently. "The first phase of our expansion plan, which involves an investment of Rs 270 crore, is expected to be operational by January 2015. We will start seeing the results of this expansion in 2015-16," said RP Gupta, Chairman and Managing Director. In the phase I, the company will be expanding its current 0.132 mtpa capacity to one mtpa and in the second it will go up to more than 2 mtpa, he further added. Commenting on the current scenario and the aim of setting up a cement plant he said, "The cement industry has slowed down. But we expect to see a revival by 2015, which is when our plant will also be operational. We will take complete advantage of this turnaround and we expect our revenues to grow manifold to nearly 450 crore in FY16."

Concrete

WCA Welcomes SiloConnect as associate corporate member

Published

21 hours ago

April 13, 2026

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The World Cement Association (WCA) has announced SiloConnect as its newest associate corporate member, expanding its network of technology providers supporting digitalisation in the cement industry. SiloConnect offers smart sensor technology that provides real-time visibility of cement inventory levels at customer silos, enabling producers to monitor stock remotely and plan deliveries more efficiently. The solution helps companies move from reactive to proactive logistics, improving delivery planning, operational efficiency and safety by reducing manual inspections. The technology is already used by major cement producers such as Holcim, Cemex and Heidelberg Materials and is deployed across more than 30 countries worldwide.

Concrete

TotalEnergies and Holcim Launch Floating Solar Plant in Belgium

Published

21 hours ago

April 13, 2026

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TotalEnergies and Holcim have commissioned a floating solar power plant in Obourg, Belgium, built on a rehabilitated former chalk quarry that has been converted into a lake. The project has a generation capacity of 31 MW and produces around 30 GWh of renewable electricity annually, which will be used to power Holcim’s nearby industrial operations. The project is currently the largest floating solar installation in Europe dedicated entirely to industrial self-consumption. To ensure minimal impact on the surrounding landscape, more than 700 metres of horizontal directional drilling were used to connect the solar installation to the electrical substation. The project reflects ongoing collaboration between the two companies to support industrial decarbonisation through renewable energy solutions and innovative infrastructure development.

Concrete

Cortec® Corporation applauded for its strong safety performance

Published

21 hours ago

April 13, 2026

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Cortec® Corporation has been recognised for its strong safety performance, receiving its sixth Governor’s Workplace Safety Award for its outstanding performance in 2025. As a Silver Achievement recipient, the company continues to maintain safety metrics well above national industry averages, an impressive accomplishment for a chemical manufacturing organisation. This achievement reflects Cortec’s proactive approach to workplace safety, focused on early hazard detection and employee involvement. The company will be formally recognised at the Minnesota Safety and Health Conference in May, highlighting how industrial companies are effectively strengthening workplace safety standards.