Star Cement Limited has announced that its subsidiary, M/s Star Cement North East Limited, has been declared the preferred bidder for a large limestone mining lease in Rajasthan. The development comes through an e-auction conducted by the state government, strengthening the company’s raw material base.
The allocation pertains to the Parewar (SN-IV) Limestone Block, located in Village Joga, Tehsil Ramgarh, District Jaisalmer. The lease area spans 960 hectares and contains an estimated 271.38 million tonnes of limestone reserves. The announcement was made via an exchange filing on 22 August 2025, signed by Debabrata Thakurta, Company Secretary of Star Cement.
By securing this mining block, Star Cement’s subsidiary gains access to a substantial resource that can support its long-term expansion strategy. With Rajasthan being one of India’s most important cement-producing states, the limestone lease provides a strategic edge in maintaining a steady supply and cost efficiency.
In its Q1FY26 results, Star Cement reported that total income stood at ₹913.79 crore, down by 0.8% from the previous quarter’s ₹921.36 crore, but up by 21.5% year-on-year from ₹752.39 crore. Profit before tax was ₹134.66 crore, slipping 4.6% quarter-on-quarter but rising 244.7% annually. Profit after tax came in at ₹98.16 crore, a 12% sequential increase and 216.7% higher year-on-year.
Earnings per share were ₹2.40, up 9.1% from the previous quarter and 200% higher year-on-year. Expenses were largely stable at ₹779.13 crore compared to Q4FY25, though up 9.2% against last year.
Read More: India Cements Share Price Surges Over 3% after UltraTech Cement Plans to Sell its 6.49% Stake!
As of August 25, 2025, at 10:14 AM, Star Cement share price is trading at ₹282.55 per share, reflecting a gain of 2.11% from the previous closing price. Over the past month, the stock has gained by 21.88%.
The Rajasthan mining lease marks a key addition to Star Cement’s resource pipeline, enhancing long-term supply security and growth visibility. While the company continues to strengthen its financial performance, the new limestone block positions it well to capitalise on rising demand in India’s cement sector.
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Published on: Aug 25, 2025, 3:02 PM IST
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