Star Cement

Star Cement Ltd was declared the preferred bidder for a mining lease for the Boro Lakhindong West Block in Dima Hasao district, Assam, following an e-auction conducted by the state government. The block spans 123 hectares and holds an estimated 207.822 million tonnes of limestone, a key raw material for cement production. The lease, once awarded, would strengthen the company's captive limestone supply and support its existing and planned cement operations in the northeastern region.

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June 24 (Reuters) - Star Cement Ltd STAT.NS:

• STAR CEMENT - DECLARED PREFERRED BIDDER FOR MINING LEASE IN ASSAM

Source text: ID:nBSE6dvTHq

Further company coverage: STAT.NS

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April 23 (Reuters) - Star Cement Ltd STAT.NS:

• STAR CEMENT - UNIT ACQUIRED 100% SHAREHOLDING OF JAITARAN RENEWABLE POWER

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Further company coverage: STAT.NS

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Feb 20 (Reuters) - Star Cement Ltd STAT.NS:

• STAR CEMENT LTD - COMMENCES PRODUCTION AT NEW 2.0 MTPA UNIT IN ASSAM

Source text: ID:nBSE41rRVs

Further company coverage: STAT.NS

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Feb 6 (Reuters) - Star Cement Ltd STAT.NS:

• STAR CEMENT DEC-QUARTER CONSOL NET PROFIT 749.2 MILLION RUPEES

• STAR CEMENT DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 8.8 BILLION RUPEES

• STAR CEMENT LTD - DECLARES DIVIDEND OF 1 RUPEES PER SHARE

Source text: ID:nnAZN4SA76B

Further company coverage: STAT.NS

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** Star Cement STAT.NS rises as much as 3.6% to 286.56 rupees

** Stock set to gain for second straight month; up 15.7% so far in August

** Co's unit declared as preferred bidder for mining lease of Parewar limestone block in e-auctions conducted by Government of Rajasthan

** Co says block has area of 960 hectares with estimated limestone resource of 271.38 mln tonnes

** Stock rated "buy" on avg; median PT is 287.5 rupees, per data compiled by LSEG

** STAT last up 2.7%, taking YTD gains to 19.2%

(Reporting by Meenakshi Maidas in Bengaluru)

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Aug 22 (Reuters) - Star Cement Ltd STAT.NS:

• STAR CEMENT LTD - STAR CEMENT NORTH EAST DECLARED PREFERRED BIDDER FOR LIMESTONE BLOCK

Source text: ID:nBSE6zZQnP

Further company coverage: STAT.NS

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Aug 8 (Reuters) - Star Cement Ltd STAT.NS:

• JUNE-QUARTER CONSOL NET PROFIT 984.5 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 9.12 BILLION RUPEES

• DIVIDEND 1 RUPEE PER SHARE

Source text: ID:nBSE9ykDYw

Further company coverage: STAT.NS

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June 11 (Reuters) - Star Cement Ltd STAT.NS:

• NOT AVAILING ANY SUBSIDY OR BENEFIT FROM WEST BENGAL

• REVOCATION OF INCENTIVE SCHEMES OF WEST BENGAL GOVERNMENT HAS NO IMPACT ON STAR CEMENT

Source text: ID:nBSE7xPJRY

Further company coverage: STAT.NS

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** Shares of India's Star Cement STAT.NS climb 2.2% to 208 rupees

** Co says its unit has been declared as the preferred bidder for composite license of Boro Hundong limestone

block in Assam

** Stock set to snap three-day losing streak

** YTD stock has lost over 12%

(Reporting by Yagnoseni Das in Bengaluru)

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March 17 (Reuters) - Star Cement Ltd STAT.NS:

• STAR CEMENT LTD - UNIT DECLARED PREFERRED BIDDER FOR BORO HUNDONG LIMESTONE BLOCK

Source text: ID:nNSEbxpkHT

Further company coverage: STAT.NS

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March 4 (Reuters) - Star Cement Ltd STAT.NS:

• STAR CEMENT LTD - DECLARED PREFERRED BIDDER FOR LIMESTONE BLOCK IN ASSAM

• STAR CEMENT LTD - LIMESTONE BLOCK IN ASSAM HAS 192.36 MILLION TONNES RESOURCE

Source text: ID:nNSE3KhXzZ

Further company coverage: STAT.NS

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Feb 18 (Reuters) - Star Cement Ltd STAT.NS:

• STAR CEMENT LTD - COMMISSIONS 7 MW AQC BOILER FOR WHRS

• STAR CEMENT LTD - NOW HAS 19 MW OF OPERATIONAL WHRS CAPACITY

Source text: ID:nNSE7RLGVr

Further company coverage: STAT.NS

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Jan 30 (Reuters) - Star Cement Ltd STAT.NS:

• STAR CEMENT DEC-QUARTER NET LOSS 443.1 MILLION RUPEES

• STAR CEMENT DEC-QUARTER REVENUE FROM OPERATIONS 4.51 BILLION RUPEES

Source text: [ID:]

Further company coverage: STAT.NS

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Dec 27 (Reuters) - India's UltraTech Cement ULTC.NS will buy an 8.69% stake in Star Cement STAT.NS, it said on Friday, in a deal that could be valued at up to 8.51 billion rupees ($100 million) and firm its leading position in the sector.

UltraTech said it would pay not more than 235 rupees per Star Cement share, which is a 2% premium to the stock's closing price on Thursday.

There has been a wave of deals ever since billionaire Gautam Adani's ports-to-power conglomerate entered the cement industry in 2022 to challenge Aditya Birla Group-owned UltraTech's pole position in the market.

UltraTech's latest deal comes weeks after local media had reported that the Adani Group was considering an acquisition of Star Cement, the biggest producer in the country's north-east.

Star Cement's shares jumped 7% in early trading to 247 rupees, above the maximum offer price, which usually implies that investors are expect a higher offer or a rival bid.

UltraTech's shares were up 0.7%.

Star Cement, like many small cement mills, has suffered from larger competitors vying for market share. Its annual sales growth expected to slow to 6.8% this fiscal year, from 22% in 2023, according to an estimate by brokerage Nirmal Bang.

($1 = 85.3450 Indian rupees)

(Reporting by Ashna Teresa Britto and Hritam Mukherjee in Bengaluru; Editing by Savio D'Souza)

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** Star Cement STAT.NS climbs 7% to 209.27 rupees; stock set for sixth straight session of gains

** Ambuja Cements ABUJ.NS, the cement arm of billionaire Gautam Adani, is in talks to acquire STAT, market leader in northeastern India, Moneycontrol reports

** Acquisition is part of Adani group's expansion strategy - report

** STAT, in an exchange filing, said it is "not engaged in any discussions in this regard"

** ABUJ did not immediately respond to Reuters request for comment

** ABUJ stock little changed after report, down 0.3%

** Avg rating on STAT, larger rivals ABUJ and market leader UltraTech ULTC.NS at "buy" - LSEG data

** STAT up ~20% YTD, set for third straight annual gain

(Reporting by Kashish Tandon in Bengaluru)

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Oct 16 (Reuters) - Dynamic Services & Security Ltd DYNS.NS:

• DYNAMIC SERVICES & SECURITY - MEHAI TECHNOLOGY STARTS OPERATIONS OF RAIL NEER PLANT IN ANDHRA PRADESH

• DYNAMIC SERVICES & SECURITY - PLANT GRANTED OPERATIONAL APPROVAL BY IRCTC

Source text for Eikon: ID:nNSE1Cqh6m

Further company coverage: DYNS.NS

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** Shares of India's Star Cement STAT.NS climb 6.5% to 213 rupees

** Co said its unit was declared preferred bidder for limestone blocks in Rajasthan; limestone is key raw material in cement production

** Stock set to snap eight-session losing streak

** Trading vols 1.3x 30-day avg of 531,000 shares

** YTD stock has gained over 19%

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Star Cement STAT.NS up 2.4% at 223.96 rupees after co announces capacity expansion plans

** Co, which serves markets in eastern India, plans to raise production capacity to 12 MTPA from current 7.67 MTPA by FY27

** Cement maker's stock up for fourth straight session

** Over 1.8 mln shares traded, which is 3.7x the 30-day avg

** Stock up ~27% so far this year compared to Shree Cement's SHCM.NS ~14% fall and market leader Ultratech's ULTC.NS 8% rise

(Reporting by Nandan Mandayam in Bengaluru)

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Aug 9 (Reuters) - Star Cement Ltd STAT.NS:

• STAR CEMENT LTD JUNE-QUARTER CONSOL NET PROFIT 310.4 MILLION RUPEES

• STAR CEMENT LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 7.51 BILLION RUPEES

Source text for Eikon: ID:nBSEbRgNmy

Further company coverage: STAT.NS

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** Shares of India's Star Cement STAT.NS up 1.8%, cooling-off from session-high 2.6% jump

** Cement maker said on Sunday it started commercial production at new clinker line in Meghalaya state

** "Buy"-rated stock last trading at 231.05 rupees, 19% higher than avg PT set by 10 analysts - LSEG data

** YTD, stock has gained 31% after a ~57% jump in 2023

(Reporting by Hritam Mukherjee in Bengaluru)

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March 12 (Reuters) - Star Cement Ltd STAT.NS:

• COMMENCEMENT OF COMMERCIAL OPERATION BY UNIT AT SONAPUR

• NEWLY SETUP 2 MTPA CEMENT GRINDING UNIT OF CO'S UNIT AT SONAPUR STARTED COMMERCIAL OPERATION

Source text for Eikon: ID:nBSE6Zxrgc

Further company coverage: STAT.NS

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** Shares of Star Cement STAT.NS closed 4.4% higher at 196.10 rupees

** Stock rose as much as 5.4% to a record high earlier

** Co posted 86% jump in Q3 net profit, rev rose more than 6%

** About 2.3 mln shares traded, ~4x the 30-day avg

** Stock has risen ~11% so far this year; it surged 57% last year

(Reporting by Hritam Mukherjee in Bengaluru)

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Feb 7 (Reuters) - Star Cement Ltd STAT.NS:

• DEC-QUARTER NET PROFIT 564.1 MILLION RUPEES VERSUS PROFIT 303 MILLION RUPEES

• DEC-QUARTER REVENUE FROM OPERATIONS 6.59 BILLION RUPEES VERSUS 6.21 BILLION RUPEES

Source text for Eikon: ID:nBSE8XBbhf

Further company coverage: STAT.NS

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Aug 8 (Reuters) - Star Cement Ltd STAT.NS:

• RE-APPOINTED SAJJAN BHAJANKA AS CHAIRMAN, MANAGING DIRECTOR

• RE-APPOINTED RAJENDRA CHAMARIA AS MANAGING DIRECTOR

• RE-APPOINTED SANJAY AGARWAL AS MANAGING DIRECTOR

• RE-APPOINTED PREM KUMAR BHAJANKA AS MANAGING DIRECTOR

Source text for Eikon: ID:nBSEcxBH7

Further company coverage: STAT.NS

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** Shares of Star Cement Ltd STAT.NS rise as much as 4.72% to 128.80 rupees

** Stock rises after the cement maker reports 9% Y/Y gain in consolidated net profit in March quarter to 961.2 mln rupees nFWN37G10T

** Revenue from operations up 10% at 8.25 bln rupees, compared with 7.49 bln rupees Y/Y

** Co has appointed Vinit Kumar Tiwari as its chief executive officer, effective from May 20

** Appointment after incumbent CEO Sajjan Bhajanka resigns from the position on May 19; Bhajanka to continue as Managing Director and Chairman

** Trading volume is 410,025 shares as of 1:50 p.m. IST, 1.1x the 30-day avg - Refinitiv data

** Of 11 analysts tracking STAT, six maintain "buy", one suggests "sell" and four recommend "hold"; median TP is 127 rupees

($1 = 81.7800 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

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May 19 (Reuters) - Star Cement Ltd STAT.NS:

• STAR CEMENT LTD - NAMES VINIT KUMAR TIWARI AS CHIEF EXECUTIVE OFFICER

Source text for Eikon: ID:nBSE5qLWYM

Further company coverage: STAT.NS

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