Shiva Cement - Outcome of Board Meeting
Shiva Cement Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 30, 2007, inter alia, have decided the following:
1. Phase-I expansion upto 0.6 Mn T is approved by the Board with approx. Capital outlay of Rs 225 Cr. This includes acquisition of infrastructures for Phase-II expansion.
2. Phase-II expansion upto 2.6 Mn T shall be reviewed after obtaining additional mining lease and statutory approvals . However Mr. R P Gupta is authorised to pursue for the same as well as to enter MOU with Govt of Orissa.
1. Phase-I expansion upto 0.6 Mn T is approved by the Board with approx. Capital outlay of Rs 225 Cr. This includes acquisition of infrastructures for Phase-II expansion.
2. Phase-II expansion upto 2.6 Mn T shall be reviewed after obtaining additional mining lease and statutory approvals . However Mr. R P Gupta is authorised to pursue for the same as well as to enter MOU with Govt of Orissa.
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