Odisha CM unveils projects worth Rs 1000 Crore
Odisha Chief Minister Naveen Patnaik inaugurated seven industrial projects and performed Ground-breaking for 10 projects in the state worth Rs 1,000 crore. These 17 diversified projects are spanning across food processing, tourism, plastic, manufacturing and fertiliser sectors. Read more for project details
Shiva Cement plans capacity expansion
Shiva Cement, the Orissa based company, proposes to expand its production capacity from the current 2.3 to 2.96 million tonne at its facility at Telighana in Sundargarh district.
The company plans to invest Rs 163.5 crore on the expansion so as to meet the region’s rising demand. The company proposes to fund the project with a term loan of Rs 80 crore while the remaining amount is expected to arrange through internal accruals.
Shiva has appointed Ercom Consulting as the consultant for the project.
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