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 reported a significant decline in its financial performance for the fourth quarter of fiscal year 2025, alongside changes in its senior management team.

Financial Performance

The cement manufacturer's Q4 results paint a challenging picture:

Shiva Cement's revenue from operations decreased to 106.34 crore rupees in Q4 FY2025, down from 144.53 crore rupees in the same quarter last year, marking a 26.42% year-over-year decline. The company's EBITDA turned negative, recording a loss of 3.35 crore rupees compared to a profit of 24.80 crore rupees in Q4 FY2024.

The net loss for the quarter widened significantly to 53.22 crore rupees, compared to a loss of 11.81 crore rupees in the corresponding quarter of the previous year. This represents a 350.63% increase in net loss year-over-year.

Annual Performance

For the full fiscal year 2025, Shiva Cement's financial results show:

• Total income: 317.91 crore rupees (down from 349.17 crore rupees in FY2024)
• Net loss: 142.48 crore rupees (increased from 68.32 crore rupees in FY2024)

Management Changes

In a separate announcement, Shiva Cement disclosed changes in its senior management:

1. Mr. Prasant Pradhan has ceased to be a Senior Managerial Personnel effective April 28, 2025, due to an internal transfer.
2. Mr. Ratan Kumar Das has been appointed as Senior Managerial Personnel, also effective from April 28, 2025.

Mr. Das brings over 30 years of experience in finance, accounts, audit, taxation, and commercial aspects across various manufacturing industries, including cement, refractory, power, mining, and fertilizer sectors. He was previously associated with JSW Cement Limited.

Rights Issue and Financial Position

Despite the challenging quarter, Shiva Cement's balance sheet shows signs of improvement:

• The company completed a rights issue on May 13, 2024, allotting 10,00,00,000 equity shares at 40 rupees per share.
• This rights issue raised 400 crore rupees, including a securities premium of 380 crore rupees.
• As a result, the company's net worth has turned positive.

Outlook

While Shiva Cement faces significant financial challenges, as evidenced by its accumulated loss of 433.87 crore rupees as of March 31, 2025, the management remains optimistic. They are hopeful of improving the company's performance through enhanced plant operational efficiency and updated business strategies.

The company continues to present its financial statements on a going concern basis, reflecting confidence in its future prospects despite the current setbacks.