Star Cement Limited's subsidiary, Star Cement North East Limited, acquired 100% of Jaitaran Renewable Power Private Limited for nil cash consideration. The acquisition diversifies the company into the energy and power sector. JRPPL now operates as a wholly owned step-down subsidiary, strengthening Star Cement's renewable energy initiatives.
Star Cement Limited's subsidiary, SCNEL, acquired a 100% stake in Jaitaran Renewable Power Private Limited for ₹0.002 Crore. This acquisition diversifies the company into the renewable energy sector. JRPPL, incorporated in March 2026, becomes a step-down subsidiary of Star Cement.
Star Cement Limited, via its subsidiary Ri Pnar Cement, has entered an agreement to acquire a 100% stake in Nitesh Minerals Private Limited for ₹17.19 Crore. The acquisition of the mining entity ensures an uninterrupted limestone supply and logistic benefits for the company's core cement business.
Value
₹17.19 Cr
Execution
Share Purchase Agreement signed on 18th April, 2026
Star Cement Limited's subsidiary, Ri Pnar Cement Private Limited, signed an agreement to acquire a 100% stake in Nitesh Minerals Private Limited for ₹17.19 Crore. The acquisition of the limestone mining entity ensures an uninterrupted raw material supply for the company's cement business.
