Shiva Cement gets CTO for capacity increase to 1.5 MTPA; Stock soars 6%

Shiva Cement Limited stocks in super rally during Wednesday's morning trading session as the company received CTO from Odisha government.

On Wednesday, at around 9:37 am, shares of Shiva Cement were soaring by 6.12% at Rs 51.30 per share on the BSE.

As per the regulatory filing, the company confirmed that it has received CTO (Consent to Operate) from State Pollution Control Board, Odisha for increase in production from existing capacity of 0.66 million TPA to 1.5 million TPA.

Notably, Shiva Cement is a strategic investment of well-renowned JSW Cement to establish a strong presence in the eastern part of India.