Announced Wed, 24 Jun · 11:25 IST
Star Cement declared preferred bidder for Assam limestone mining lease
Business Updates View source PDF
STARCEMENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.0%1-day move
₹210.13
prior close
₹212.04
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2-0.0-0.0-0.2+0.0-0.6-1.1-1.6-0.9-1.4-1.7-2.5——
Up moveDown movePending
AI summary
Star Cement has been declared the preferred bidder for a mining lease in Boro Lakhindong (West Block), Dima Hasao, Assam. The 123 hectare block has an estimated limestone resource of 207.822 million tonnes. The lease was awarded through e-auction by the Government of Assam. Limestone is the key raw material for cement, so this secures a long-term raw material source for the company.
Likely market impact
Secures long-term limestone reserves, lowering raw material supply risk and supporting future production capacity expansion.