The Government of Rajasthan declared Star Cement North East Limited as the preferred bidder following e-auctions conducted for the block. The company said the mining lease will enhance its long-term raw material security once the necessary clearances and agreements are finalised.
Also Read: Star Cement Q4 Results: Profit and EBITDA surge over 40% YoY; margin improvesStar Cement is based in the north-eastern state of Meghalaya and reported an overall turnover of ₹2,910 crore in the financial year 2024. Star Cement has a 7.7 MTPA grinding capacity and 6.1 MTPA clinker capacity, a dealer network of close to 2,000 and a retailer network of over 12,500.
In the north-eastern market, Star Cement commands a 26.5% market share. Premium sales account for 10.6% of overall sales, according to its investor presentation it shared for the September quarter. The company also has two upcoming units in the Silchar and Jorhat districts of Assam and has a capex plan of ₹380 crore for the second half of the current financial year.
Shares of Star Cement Ltd ended at ₹279.95, down by ₹12.90, or 4.40%, on the BSE.
Also Read: Star Cement arm declared preferred bidder for Boro Hundong limestone block by Assam Govt
