Star Cement Ltd has announced that its subsidiary, Star Cement Meghalaya Ltd, has been chosen as the preferred bidder for the Composite License of the Boro Hundong limestone block in Assam. The block was secured through an e-auction organized by the Government of Assam.
According to a filing with the stock exchange, “Star Cement Meghalaya Limited, a subsidiary of the Company, has been declared as the ‘Preferred Bidder’ for the Composite License of the Boro Hundong Limestone Block in the e-auction conducted by the Government of Assam.”
The limestone block, located in Dima Hasao district, covers an area of 400 hectares and is estimated to contain 146.75 million tonnes of limestone. In 2024, UltraTech Cement purchased an 8.69% stake in Star Cement Ltd from its promoter group for ₹851 crore, acquiring shares at ₹235 each during a block deal. This investment provides UltraTech with a non-controlling minority stake in the company.
Star Cement, headquartered in Meghalaya, reported a total turnover of ₹2,910 crore for the 2024 fiscal year. The company operates with a grinding capacity of 7.7 MTPA and a clinker capacity of 6.1 MTPA. It also has a network of approximately 2,000 dealers and over 12,500 retailers.
In the northeastern market, Star Cement holds a 26.5% market share. Premium product sales account for 10.6% of its total sales, according to its investor presentation for the September quarter. The company is also expanding with new units planned for Silchar and Jorhat districts in Assam and has allocated ₹380 crore for capital expenditure in the second half of the current financial year.
Star Cement Ltd is one of the leading cement manufacturing companies in India, known for its production of high-quality cement products. Headquartered in Meghalaya, the company has a strong presence in the northeastern region of India. It offers a wide range of cement products, including Portland Pozzolana Cement (PPC) and Ordinary Portland Cement (OPC), catering to both residential and commercial construction needs.
Star Cement operates several manufacturing units and has a robust distribution network, ensuring its products reach markets across the region and beyond. In recent years, Star Cement has made significant strides to expand its operations and increase its production capacity.
The company’s commitment to sustainable practices and the use of advanced technologies in its manufacturing process has strengthened its position in the market. As part of its growth strategy, Star Cement continues to invest in infrastructure development and aims to enhance its product offerings. With a focus on quality, customer satisfaction, and environmental responsibility, Star Cement remains a key player in the Indian cement industry.
