JSW Group announces cement merger and JSW Steel earnings date

JSW Cement, a member of the Sajjan Jindal-led JSW Group, has approved a merger with its listed subsidiary, Shiva Cement. The deal aims to create a unified cement platform to unlock operational, financial, and management synergies. Under the approved scheme, JSW Cement will issue 5 equity shares of face value Rs 10 for every 41 equity shares of face value Rs 2 held in Shiva Cement. The merger is expected to facilitate backward integration through Shiva Cement’s clinker facility and reduce administrative duplication. The transaction is subject to regulatory approvals and is anticipated to conclude within 12 to 14 months.

Separately, JSW Steel has announced it will release its second-quarter and half-year financial results for the 2026/27 fiscal year on October 23, 2026. The upcoming report follows a first quarter where net profit decreased by 71.6 percent to 4,651 crore INR, a decline influenced by an exceptional income of 17,888 crore INR in the previous quarter. Despite the drop in profit, the company reported an 8.7 percent increase in EBITDA to 9,383 crore INR and an improvement in operating margins to 19.8 percent.