Shares of Star Cement Ltd rose 2% to the touch a day’s excessive of Rs 286.56 on twenty fifth August, after the agency mentioned its subsidiary, Star Cement North East Restricted, has been declared the ‘Most well-liked Bidder’ for the Parewar (SN-IV) limestone block in Rajasthan.
Star Cement North East Ltd, a subsidiary of Star Cement, has been declared the popular bidder for a limestone block in Jaisalmer, Rajasthan. The block, positioned in Village Joga, spans 960 hectares. It has an estimated useful resource of 271.38 million tonnes. The mining lease, as soon as clearances and agreements are in place, will strengthen the corporate’s long-term uncooked materials safety.
Star Cement, headquartered in Meghalaya, reported a turnover of Rs 2,910 crore in FY2024. It has a grinding capability of seven.7 MTPA and a clinker capability of 6.1 MTPA. That is supported by a supplier community of practically 2,000 and over 12,500 retailers.
Within the north-east market, the corporate holds a 26.5% share, with premium gross sales contributing 10.6% of total gross sales. It additionally has two upcoming items in Silchar and Jorhat, Assam. Plus, there’s a capex plan of Rs 380 crore for the second half of the present monetary 12 months.
At 3:18 PM, the shares of Star Cement have been buying and selling 2.11% greater at Rs 282.56 on NSE.
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