Star Cement, headquartered in Meghalaya, announced on August 22 that its subsidiary, Star Cement North East has been declared the 'preferred bidder' for the Parewar (SN-IV) limestone block in Rajasthan. 

The block, situated in Village Joga, Tehsil Ramgarh, District Jaisalmer, covers 960 hectares and holds an estimated resource of 271.38 million tonne of limestone. The Government of Rajasthan confirmed the award following competitive e-auctions. Star Cement stated that the mining lease, once clearances and agreements are finalised, will significantly enhance its long-term raw material security. This acquisition is expected to strengthen its supply base and support future growth.

In FY24, the company reported revenues of Rs 2,910 crore, with cement grinding capacity at 7.7 MTPA and clinker capacity at 6.1 MTPA. It has a strong dealer base of nearly 2,000 and a retailer network exceeding 12,500. Star Cement is also expanding with new units at Silchar and Jorhat in Assam and has committed Rs 380 crore in capex for H2/FY25.