You are here » Home » Companies » Company Overview » Shiva Cement Ltd

Shiva Cement Ltd.

BSE: 532323 Sector: Industrials
NSE: N.A. ISIN Code: INE555C01029
BSE 16:00 | 29 Nov 34.15 -2.10
(-5.79%)
OPEN

35.60

HIGH

36.25

LOW

33.65

NSE 05:30 | 01 Jan Shiva Cement Ltd
OPEN 35.60
PREVIOUS CLOSE 36.25
VOLUME 424609
52-Week high 45.60
52-Week low 16.46
P/E
Mkt Cap.(Rs cr) 666
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 35.60
CLOSE 36.25
VOLUME 424609
52-Week high 45.60
52-Week low 16.46
P/E
Mkt Cap.(Rs cr) 666
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Shiva Cement Ltd. (SHIVACEMENT) - Chairman Speech

Company chairman speech

A Brighter Tomorrow

Dear Stakeholders

It's my pleasure to present to you the annual report for Shiva Cement for the year2020-21. As we adjust to a new normal and work to control the repercussions of secondpandemic wave the external world is more volatile than ever. The pandemic triggeredfundamental shifts that have reshaped the industry as a whole putting sectoral strengthsto the test and last year several cement companies opted to reduce or postpone capitalinvestments.

In the first quarter of the fiscal year the cement sector suffered from inactivity andlow demand. Supply chain and logistical issues exacerbated the problem and the industry'sprospects seemed dismal at that time. However when the lockdown ended economic activitycould no longer be stifled and previously suppressed demand resurfaced boostingactivity. Additionally due to availability of labour demand from rural regions hasgrown. As a result rural infrastructure and low-cost home building has increased. Housingrepairs and modifications being the primary drivers of retail demand for cement. Thecement sector is now showing signs of revival with numerous companies declaring increasedCAPEX guidance plans. The future looks bright as the government focuses more oninfrastructure expansion which will have a multiplier impact on the Indian economy.Additionally there is rising demand in both the residential and commercial segments. Thegovernment intends to use the funds set aside for the urban housing scheme to help startconstruction of new homes finish existing and ongoing housing projects giving a boost tothe steel and cementdemand.

Your Company has made positive displacement in the last couple of years. The mostimportant among these is acquiring the limestone mine auctioned by the Government ofOdisha which is in close proximity to our existing mine. We have renewed our focustowards certain key projects and the development of our mines. Our 4000 TPD clinkerfacility had a delightful ceremony on October 22 2020 and we were early movers in therevival of capex cycle in the Indian cement sector. We have partnered with leadingtechnology companies and contractors for this project which is taking shape at a rapidpace.

Your Company has made positive displacement in the last couple of years. The mostimportant among these is acquiring the limestone mine auctioned by the Government ofOdisha which is in close proximity to our existing mine. We have renewed our focustowards certain key projects and the development of our mines. Our 4000 TPD clinkerfacility had a delightful ceremony on October 22 2020 and we were early movers in therevival of capex cycle in the Indian cement sector. We have partnered with leadingtechnology companies and contractors for this project which is taking shape at a rapidpace. From the perspective of strategy most limestone deposits in Eastern India can befound in the state of Chhattisgarh. Clinker is manufactured and distributed to BiharOdisha West Bengal and Jharkhand. Our location gives us a competitive edge being locatedin Odisha and closer to market. Supply chain costs are a major component for alow-commodity item like cement/clinker and thereby this location advantage will benefitthe Company in the long run.

Our existing operational activities were disrupted at the start of the financial yearas a result of the pandemic and subsequent lockdown which began in March. Due to reducedsales volumes both operational and financial performances were adversely impacted. OurRevenue from operations for the year stood at ` 2849 lakh as compared to ` 3239 lakh inthe previous year. We continue to be cognisant of our responsibilities towards society andhave undertaken several sustainability and CSR measures. We are also contributing to thenation's fight against COVID-19 in the locations and communities we operate in whilesupporting economic recovery. The government's measures are likely to bear fruit in thecoming years. As India adjusts to the new normal and more people are vaccinated we canlook forward to a healthier and brighter tomorrow. In conclusion I would like to expressmy sincerest gratitude to all those who worked tirelessly to keep us resilient and on thepath to expansion including the management team and our workers and stakeholders. We arein the middle of a strategic expansion project and all efforts are being expended to takethe Company to greater heights.

Best regards
Manoj Kumar Rustagi
Whole-Time Director

.