{{Short description|Cement manufacturing company}} {{Redirect|Cement Manufacturing Company|Lists of cement manufacturers|Category:Lists of cement manufacturers}} {{Infobox company | name = Star Cement | former_name = Cement Manufacturing Company | logo= Star Cement.svg | type = Public | traded_as = {{Unbulleted list|{{NSE|STARCEMENT}}|{{BSE|540575}}}} | industry = Building materials | founded = 2 November 2001 | founder = Sajjan Bhajanka | hq_location = Northeast India | hq_location_country = India | products = Cement | website = {{URL|starcement.co.in/}} }} '''Star Cement''' '''Ltd'''.(formerly known as '''Cement Manufacturing Company''') is a cement manufacturing company in India and the largest cement manufacturer in Northeast India.<ref>{{Cite web |last=Singh |first=Rajiv |date=2022-09-29 |title=Meghalaya's Star Cement Is The Largest Player In Northeast. Can It Shine Pan India? |url=https://www.forbesindia.com/article/regional-goliaths/meghalayas-star-cement-is-the-largest-player-in-northeast-can-it-shine-pan-india/80147/1 |access-date=2023-01-04 |website=Forbes India |language=en}}</ref><ref>{{Cite book |last1=Xaxa |first1=Virginius |url=https://books.google.com/books?id=RG0PEAAAQBAJ&dq=star+cement+meghalaya&pg=PA176 |title=Employment and Labour Market in North-East India: Interrogating Structural Changes |last2=Saha |first2=Debdulal |last3=Singha |first3=Rajdeep |date=2018-08-06 |publisher=Taylor & Francis |isbn=978-0-429-82346-6 |language=en}}</ref>
== History == It was founded by Sajjan Bhajanka and Sanjay Agarwal<ref>{{Cite book |last=Jacob |first=Thomas |url=https://books.google.com/books?id=phPLCgAAQBAJ&dq=star+cement+Sajjan+Bhajanka&pg=PA340 |title=Strategic Management |date=2015 |publisher=Pearson Education India |isbn=978-93-325-4469-7 |language=en}}</ref> 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.<ref>{{Cite news |title=Star Cement Ltd. - Company History |work=Business Standard |url=https://www.business-standard.com/company/star-cement-27763/information/company-history |access-date=2023-01-04}}</ref> The company has occupied more than 500 to 1,000 hectares of land in Jaintia Hills district.<ref>{{Cite book |last=Dutta |first=Bitopi |url=https://books.google.com/books?id=nB9dEAAAQBAJ&dq=star+cement+meghalaya&pg=PT100 |title=Mining, Displacement, and Matriliny in Meghalaya: Gendered Transitions |date=2022-03-03 |publisher=Taylor & Francis |isbn=978-1-000-55263-8 |language=en}}</ref> It obtains coal from the local market for fuel at a price of 8,000 rupees per tonne.<ref>{{Cite web |last=Jethmalani |first=Harsha |date=2019-03-19 |title=Star Cement's lower valuations reflect concerns on operating margins |url=https://www.livemint.com/market/mark-to-market/star-cement-s-lower-valuations-reflect-concerns-on-operating-margins-1552946546094.html |access-date=2023-01-04 |website=Live Mint |language=en}}</ref> In January 2021, it expanded its business to East India<ref>{{Cite web |last=Jauhari |first=Ujjval |date=2021-01-01 |title=Star Cement eyes expansions in eastern India to drive growth |url=https://www.livemint.com/market/mark-to-market/star-cement-eyes-expansions-in-eastern-india-to-drive-growth-11609489472546.html |access-date=2023-01-04 |website=Live Mint |language=en}}</ref> by opening a new plant in West Bengal worth 4.5 billion.<ref>{{Cite news |title=Star Cement's Rs 450 crore Bengal plant ready, to start ops soon: MD |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/indl-goods/svs/cement/star-cements-rs-450-crore-bengal-plant-ready-to-start-ops-soon-md/articleshow/80195848.cms |access-date=2023-01-04}}</ref> 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.<ref>{{Cite web |last=Roy |first=Shobha |date=2022-06-05 |title=Star Cement to invest close to ₹1,700-1,800 crore |url=https://www.thehindubusinessline.com/companies/star-cement-to-invest-close-to-1700-1800-crore/article65494192.ece |access-date=2023-01-04 |website=Business Line |language=en}}</ref> It also donated 10 million to Assam CM’s Relief Fund.<ref>{{Cite web |last=Kayum |first=Karishma |date=2022-06-23 |title=Star Cement donates Rs 1 cr to Assam CM's Relief Fund |url=http://www.eastmojo.com/assam/2022/06/23/star-cement-donates-rs-1-cr-to-assam-cms-relief-fund/ |access-date=2023-01-04 |website=EastMojo |language=en-US}}</ref><ref>{{Cite web |last=Vaibhav Gautam |first=Bansode |date=2022-09-28 |editor-last=Abhishek |editor-first=Hemant |title=Cement stocks gain up to 10% in otherwise weak market; mid-cap companies outperform heavyweights |url=https://www.zeebiz.com/market-news/news-cement-stocks-gain-up-to-10-in-otherwise-weak-market-mid-cap-companies-outperform-heavyweights-200838 |access-date=2023-01-04 |website=Zee Business}}</ref>
== See also == * Indian Football League
== References == {{Reflist}}
Category:Cement companies Category:Cement companies of India Category:Manufacturing companies of India Category:Manufacturing companies established in 2001 Category:Indian brands Category:2001 establishments in India Category:2001 establishments in Assam Category:2001 establishments in Meghalaya Category:Indian companies established in 2001 Category:Companies listed on the National Stock Exchange of India Category:Companies listed on the Bombay Stock Exchange