New Launch4 Sept 2025, 07:51 pm
Shiva Cement's 1.0 MTPA Grinding Unit by Bhushan Power & Steel in Sambhalpur, Odisha Ready for Commissioning
AI Summary
Shiva Cement Ltd. has announced the readiness of a 1.0 MTPA cement grinding unit in Bhushan Power and Steel Limited’s premises at Sambalpur, Odisha. This development is pursuant to the board of directors' resolution and shareholders' approval in September 2024. The Company entered into a binding memorandum of understanding with BPSL in October and December 2024, and an Agreement in January 2025. The Grinding Unit is now ready for commissioning on 4 September 2025, marking a significant step towards commencement of commercial operations.
Key Highlights
- Shiva Cement's 1.0 MTPA grinding unit in Sambhalpur, Odisha is ready for commissioning
- The unit is set up in Bhushan Power and Steel Limited’s premises
- The development is in line with the board of directors' resolution and shareholders' approval in September 2024
- The Company entered into a binding memorandum of understanding with BPSL in October and December 2024
- An Agreement was signed with BPSL in January 2025 for the implementation of the Proposed Transaction