Shiva Cement Limited has announced that the grinding facility set up by Bhushan Power & Steel Limited (BPSL) in Sambalpur, Odisha, is now ready for commissioning. This development marks a significant milestone in the company's expansion plans and strategic partnership with BPSL.

Key Highlights

• The 1.0 MTPA cement grinding unit is set to commence commercial operations on September 4, 2025.
• The facility is located at BPSL's premises in Sambalpur, Odisha.
• This project is part of a strategic agreement between Shiva Cement and Bhushan Power & Steel Limited.

Project Background

The journey towards this achievement began with a series of corporate actions and agreements:

• July 25, 2024: Shiva Cement's board of directors passed a resolution regarding the grinding unit.
• September 19, 2024: Shareholders approved the setting up of the 1.0 MTPA cement grinding unit by BPSL.
• October 4, 2024: A binding Memorandum of Understanding (MOU) was signed with BPSL.
• December 11, 2024: An amendment to the MOU was executed.
• January 22, 2025: A formal Agreement was entered into with BPSL for the implementation of the project.

Strategic Implications

The commissioning of this grinding facility represents a significant step forward for Shiva Cement. It not only expands the company's production capabilities but also strengthens its partnership with Bhushan Power & Steel Limited. This move is expected to enhance Shiva Cement's market position in the region and potentially lead to improved operational efficiencies.

Management Statement

Ishika Sharma, Company Secretary of Shiva Cement Ltd, stated in the regulatory filing, "We are pleased to inform you that the Grinding Unit is ready for commissioning on 4 September 2025 and is fully prepared to commence commercial operations."

Looking Ahead

As the facility prepares to start operations, investors and industry observers will be keen to see how this new grinding unit impacts Shiva Cement's production output and market share in the coming months. The successful commissioning of this project could pave the way for further expansion and collaboration opportunities in the future.

Shiva Cement Limited continues to demonstrate its commitment to growth and strategic partnerships, positioning itself for a stronger presence in India's competitive cement industry.

Shiva Cement Limited, a subsidiary of JSW Group, has successfully obtained regulatory approval to shift its registered office from Odisha to Maharashtra, marking a significant milestone in its previously announced relocation plan. The company has also reported mixed financial results for the first quarter.

Regulatory Approval for Office Relocation

Shiva Cement Limited received an order dated December 1, 2025, from the Regional Director (East Region), Ministry of Corporate Affairs, Kolkata, approving the shifting of its registered office from the State of Odisha to the State of Maharashtra. The company received this approval order on December 12, 2025.

The approval allows the company to alter Clause II of its Memorandum of Association to effect the change from "The State of Orissa" to "The State of Maharashtra, within the jurisdiction of Registrar of Companies, Mumbai."

Financial Performance Overview

Shiva Cement reported a net loss of ₹303.00 crore in the first quarter, widening from a loss of ₹216.00 crore in the same period last year. Despite the increased loss, the company's revenue saw a substantial rise, jumping to ₹1,006.00 crore from ₹96.60 crore year-over-year, marking a significant 941% increase.

The stark contrast between the revenue growth and the widening loss suggests that while Shiva Cement has significantly expanded its operations or market share, it faces challenges in managing costs and achieving profitability.

Office Relocation Details

The approved relocation involves moving the registered office from Village Telighana, PO: Birangatoli, Tehsil-Kutra, District-Sundargarh, Odisha to Maharashtra. This strategic move to a major financial hub may signal the company's efforts toward operational efficiency and improved market positioning.

Corporate Governance and Compliance

The company's Board Meeting held on July 18 had approved the proposal for shifting the registered office, which was subject to various approvals including shareholders, Registrar of Companies, and the Regional Director. With the Regional Director's approval now secured, the company can proceed with the consequential alteration of its Memorandum of Association.

Company Secretary and Compliance Officer Ishika Sharma communicated the regulatory approval to BSE Limited, ensuring compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.