Shiva Cement is reportedly planning to sell its integrated cement plant in Orissa. The company is in talks with OCL India among others to sell its Orissa cement unit. The deal is valued at an enterprise value of Rs 250 crore.
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.