The company said the plant’s total cement grinding capacity has increased to 3.50 MTPA following the commissioning of the additional unit.
With the new unit, JSW Cement’s total grinding capacity has risen to 25.1 MTPA. Its total clinker manufacturing capacity, including the capacity at its joint venture, JSW Cement FZC, stands at 9.74 MTPA.
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Last month, JSW Cement Ltd said its board has approved a scheme of arrangement to merge listed subsidiary Shiva Cement Ltd with the company, with JSW Cement proposing to issue five equity shares for every 41 shares held by Shiva Cement shareholders other than JSW Cement.
The scheme, approved subject to shareholder and regulatory approvals, will also involve reorganisation of reserves of both companies. Shiva Cement will cease to exist without being wound up once the scheme becomes effective.
JSW Cement currently holds 66.23% of the paid-up equity share capital of Shiva Cement. Under the proposed arrangement, the shares held by JSW Cement in Shiva Cement will be cancelled, with no JSW Cement shares issued against that holding.
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The proposed share exchange ratio is five fully paid-up equity shares of JSW Cement, with a face value of ₹10 each, for every 41 fully paid-up equity shares of Shiva Cement, with a face value of ₹2 each. There will be no cash consideration under the scheme.
The scheme has an appointed date of April 1, 2026. JSW Cement said the transaction is expected to be completed within 12–14 months, subject to timely receipt of regulatory approvals.
The approvals required include those from the stock exchanges, the Securities and Exchange Board of India (SEBI), the National Company Law Tribunal (NCLT), Odisha Industrial Infrastructure Development Corporation, other applicable statutory and regulatory authorities, and the shareholders and creditors of the respective companies, as may be required.
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Shares of JSW Cement Ltd ended at ₹113.15, up by ₹2.05, or 1.85%, on the BSE.