Shiva Cement surges on expanding scope of Khatkurbahal mine to commercialise 2.4 MT of dolomite annually
Shiva Cement is currently trading at Rs. 17.70, up by 0.47 points or 2.73% from its previous closing of Rs. 17.23 on the BSE.
The scrip opened at Rs. 17.48 and has touched a high and low of Rs. 17.95 and Rs. 16.92 respectively. So far 186062 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 41.25 on 04-Aug-2025 and a 52 week low of Rs. 12.05 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 17.95 and Rs. 16.71 respectively. The current market cap of the company is Rs. 513.01 crore.
The promoters holding in the company stood at 66.50%, while Institutions and Non-Institutions held 0.18% and 33.33% respectively.
Shiva Cement has received a modified Environmental Clearance and Consent to Operate for its Khatkurbahal (North) Block Limestone and Dolomite Mines at Biringatoli, Kutra, in Sundargarh district, Odisha. This development expands the scope of the mine to include the mining of dolomite at a capacity of 2.4 million tonnes (MT) per annum. This block holds a total dolomite resource of 89.09 MT, of which 48.27 MT is mineable.
The approval enables the company to commercially undertake mining and sale of dolomite from the block, marking the commencement of revenue generation from its dolomite operations. Dolomite is a key input across steel, cement, glass, refractories and allied industries, and the approval opens a new merchant sales stream for the company while strengthening raw material security within the JSW ecosystem.
