Star Cement, based in Meghalaya, announced on August 22 that its subsidiary, Star Cement North East, has been designated as the ‘preferred bidder’ for the Parewar (SN-IV) limestone block located in Rajasthan.
This block, found in Village Joga, Tehsil Ramgarh, District Jaisalmer, spans 960 hectares and is estimated to contain 271.38 million tonnes of limestone. The Government of Rajasthan confirmed the award after a series of competitive e-auctions.
Star Cement indicated that the mining lease, once all necessary clearances and agreements are finalized, will greatly improve its long-term raw material security. This acquisition is anticipated to bolster its supply base and facilitate future growth. In FY24, the company reported revenues amounting to Rs 2,910 crore, with a cement grinding capacity of 7.7 MTPA and a clinker capacity of 6.1 MTPA.
It boasts a robust dealer network of nearly 2,000 and a retailer network that exceeds 12,500. Additionally, Star Cement is expanding with new facilities in Silchar and Jorhat in Assam and has allocated Rs 380 crore in capital expenditure for the second half of FY25.
