Shares of Star Cement Ltd may be in focus after its subsidiary, Star Cement Meghalaya Limited, was declared the preferred bidder for the Composite License of Boro Hundong Limestone Block in Assam. The selection was made through e-auctions conducted by the Government of Assam.
The Boro Hundong Limestone Block is located in Dima Hasao (formerly North Cachar Hills), Assam, covering an area of 400 hectares with estimated limestone reserves of 146.75 million tonnes.
The development is expected to enhance Star Cement’s raw material security and support its expansion plans in the northeastern region. The company has not disclosed further details regarding investment plans or the timeline for the commencement of mining operations.
Investors and industry stakeholders will be closely watching Star Cement’s stock movement in the upcoming sessions following this announcement.
