Announced Wed, 24 Jun · 11:23 IST
Star Cement declared preferred bidder for Assam limestone mining lease
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STARCEMENT · price
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Price reaction · full curve 14 horizons · vs prior close
+0.0%1-day move
₹210.13
prior close
₹211.47
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3+0.2+0.1+0.1+0.0-0.6-1.1-1.6-0.9-1.4-1.7-2.5——
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AI summary
Star Cement has been declared the preferred bidder for a mining lease in Boro Lakhindong (West Block), District Dima Hasao, Assam. The lease covers 123 hectares with an estimated limestone resource of 207.822 million tonnes. The lease was secured through e-auctions conducted by the Government of Assam. This is a significant long-term asset for the company as limestone is a key raw material for cement production.
Likely market impact
Securing 207 million tonnes of limestone reserves strengthens long-term raw material security and supports future capacity expansion.