Star Cement
Cement manufacturing company
From Wikipedia, the free encyclopedia
Star Cement Ltd.(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 |
|---|---|
| Type | Public |
| Industry | Building materials |
| Founded | 2 November 2001 |
| Founder | Sajjan Bhajanka |
| Headquarters | Northeast India, India |
| Products | Cement |
| Website | starcement |
History
It 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] In January 2021, it expanded its business to East India[7] by opening a new plant in West Bengal worth 4.5 billion.[8] 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.[9] It also donated 10 million to Assam CM’s Relief Fund.[10][11]