Star Cement (formerly known as Cement Manufacturing Company) is a cement manufacturing company in India and the largest cement manufacturer in Northeast India.[1][2]
| Formerly | Cement Manufacturing Company |
|---|---|
| Company type | Public |
| Industry | Building materials |
| Founded | 2 November 2001 |
| Founder | Sajjan Bhajanka |
| Headquarters | Northeast India, India |
| Products | Cement |
| Website | starcement |
History
editIt was founded by Sajjan Bhajanka and Sanjay Agarwal[3] on 2 November 2001 under the name "Cement Manufacturing Company Limited". The company is engaged in the sale and manufacturing of cement. Star Cement's manufacturing plants are located in Khliehriat and Guwahati.[4] The company has occupied more than 500 to 1,000 hectares of land in Jaintia Hills district.[5] It obtains coal from the local market for fuel at a price of 8,000 rupees per tonne.[6] On 14 December 2020, a blast occurred at 8:40 p.m., in which two people were injured.[7] In January 2021, it expanded its business to East India[8] by opening a new plant in West Bengal worth 4.5 billion.[9] In August 2021, the company approves a share buyback proposal. In June 2022, the company invested 17–18 billion rupees in doubling the capacity of clinker and adding a capacity of 4 million tonnes to grinding[10] and donated 10 million to Assam CM’s Relief Fund.[11][12]
References
edit- ^ Singh, Rajiv (2022-09-29). "Meghalaya's Star Cement Is The Largest Player In Northeast. Can It Shine Pan India?". Forbes India. Retrieved 2023-01-04.
- ^ Xaxa, Virginius; Saha, Debdulal; Singha, Rajdeep (2018-08-06). Employment and Labour Market in North-East India: Interrogating Structural Changes. Taylor & Francis. ISBN 978-0-429-82346-6.
- ^ Jacob, Thomas (2015). Strategic Management. Pearson Education India. ISBN 978-93-325-4469-7.
- ^ "Star Cement Ltd. - Company History". Business Standard. Retrieved 2023-01-04.
- ^ Dutta, Bitopi (2022-03-03). Mining, Displacement, and Matriliny in Meghalaya: Gendered Transitions. Taylor & Francis. ISBN 978-1-000-55263-8.
- ^ Jethmalani, Harsha (2019-03-19). "Star Cement's lower valuations reflect concerns on operating margins". Live Mint. Retrieved 2023-01-04.
- ^ Rashir, Princess Giri (2020-12-14). "2 injured in IED blast at Star Cement; HNLC claims responsibility". EastMojo. Retrieved 2023-01-04.
- ^ Jauhari, Ujjval (2021-01-01). "Star Cement eyes expansions in eastern India to drive growth". Live Mint. Retrieved 2023-01-04.
- ^ "Star Cement's Rs 450 crore Bengal plant ready, to start ops soon: MD". The Economic Times. Retrieved 2023-01-04.
- ^ Roy, Shobha (2022-06-05). "Star Cement to invest close to ₹1,700-1,800 crore". Business Line. Retrieved 2023-01-04.
- ^ Kayum, Karishma (2022-06-23). "Star Cement donates Rs 1 cr to Assam CM's Relief Fund". EastMojo. Retrieved 2023-01-04.
- ^ Vaibhav Gautam, Bansode (2022-09-28). Abhishek, Hemant (ed.). "Cement stocks gain up to 10% in otherwise weak market; mid-cap companies outperform heavyweights". Zee Business. Retrieved 2023-01-04.