Shiva Cements Ltd, incorporated in 1985, is a subsidiary of the JSW Group, with JSW Cement holding a 59.59% equity stake in the company. Shiva Cements primarily manufactures and sells cement, including clinker, and engages in the trading of allied products. The company supplies clinker to its parent firm, JSW Cement. It also markets cement under the brand “Mahabal,” offering Portland Slag Cement and Portland Pozzolana Cement in key markets like Odisha, West Bengal, Jharkhand, and Bihar.
The company has ambitious capital expenditure (capex) plans worth ₹450 crore, which will be funded through a combination of equity and debt.
Moreover, in June 2024, the promoters increased their stake by 7%, bringing their total holding from 59.59% to 66%, signaling stronger confidence in the company’s future.
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