Displaying items by tag: Shiva Cement

India: Shiva Cement raised its sales to US$23.4m in the nine months of its 2025 financial year, up by 1% year-on-year from US$23.1m in the corresponding period in the 2024 financial year. Nonetheless, the company's net loss grew by 58% year-on-year, to US$10.2m.

India: Shiva Cement, a JSW Cement subsidiary, has signed an agreement with Bhushan Power and Steel (BPSL) for the development of a 1Mt/yr cement grinding unit at BPSL's premises in Sambalpur, Odisha. The agreement formalises the proposed transaction following board and shareholder approvals in 2024, as well as the signing of a memorandum of understanding.

Under the agreement, BPSL will construct, install and operate the grinding unit for Shiva Cement. The total transaction value is capped at US$44m.

India: Orissa Bengal Carrier has entered into a three-month contract to transport coal and petcoke for Shiva Cement, a subsidiary of JSW Cement, effective until 31 December 2024. The company has not disclosed the value of the contract.

India: The board of Shiva Cement has approved plans to build a 1Mt/yr cement grinding plant at Sambalpur in Odisha. The unit will be built with Bhushan Power and Steel at one of its operating sites. As part of the deal Shiva Cement, a subsidiary of JSW Cement, has the option to buy the plant for US$45m. Approval from the Odisha Industrial Infrastructure Development Corporation and other relevant governmental authorities will be required to set up the plant.

India: The Odisha State Pollution Control Board has granted Shiva Cement consent to operate its Sundergarh cement plant up to production volumes of 1.5Mt/yr, Reuters has reported. The producer commissioned the plant’s 1.36Mt/yr-capacity clinker line in June 2023. At that time, the plant had consent to operate with clinker production volumes of up to 660,000t/yr.

India: Shiva Cement says that a proposed 1Mt/yr grinding unit as part of its new Sundergarh plant is on hold while it evaluates the site location. The cement producer confirmed that the 1.36Mt/yr clinker unit at the site in Odisha has been commissioned as well as a 9MW waste heat recovery (WHR) unit. It added that it has already obtained clearance to operate (CTO) from the State Pollution Control Board (SPCB) for 0.66Mt/yr of clinker production and 9MW WHR at the site. It is currently awaiting clearance for the remaining clinker production capacity. Work on alternative fuel systems, a 12km rail siding and a 10km overland belt conveyor at the site are reportedly progressing on schedule.

India: Shiva Cement has commissioned its new US$185m Sundergarh cement plant in Odisha. Pragativadi News has reported that the new plant has an integrated capacity of 1.05Mt/yr and an additional grinding capacity of 0.27Mt/yr.

In October 2022, parent company JSW Cement announced plans to increase its total installed capacity by 47% to 25Mt/yr.

India: JSW Cement has taken a loan of US$48.9m with which to finance its planned 47% capacity growth to 25Mt/yr from 17Mt/yr. MUFG Bank India provided the loan subject to sustainability-linked criteria. Press Trust of India News has reported that the producer’s subsidiary Shiva Cement is in the process of establishing a US$183m 1.36Mt/yr clinker plant and 1Mt/yr grinding plant in Odisha’s Sundergarh District.

India: Shiva Cement's board of directors has approved the launch of a shareholders' vote over plans to increase its Odisha cement plant's capacity by 2Mt/yr. The plan also involves the expansion of the same plant's clinker capacity by 3Mt/yr and the installation of a 12MW waste heat recovery (WHR) plant. In addition to this, the company is seeking to open two new limestone mines with a combined capacity of 1.9 - 3.1Mt/yr at Khatkurbahal, also in Odisha. The company has received Ministry of Environment, Forest and Climate Change approval for all of the plans.

India: The board of directors of JSW Cement subsidiary Shiva Cement has voted in favour of allowing the company to take out a loan worth up to US$143m. The company will use the loan for capacity expansion projects.