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Promoter and director Prem Kumar Bhajanka bought 1.42 lakh Star Cement shares worth Rs.2.50 Crore via market purchase. Stake rose from 10.76% to 10.80%.
Star Cement's subsidiary Star Cement North East was declared preferred bidder for the Jhak Murkasani limestone mining block in Rajasthan. No bid amount or royalty is stated, so the filing gives no rupee value.
Q2 cement volume rose 4.8% YoY, but EBITDA fell 21% and PAT 44% on cost pressure. Management guides 12-13% H2 volume growth, citing coal supply relief and railway siding savings.