Wednesday, July 5, 2023

Star Cement Limited - Steady and going strong !

 


Star Cement Limited is the leading cement company in North-Eastern India and one of the fastest growing cement brand in West Bengal & Bihar, acquiring strong foot hold in the Indian construction Industry. Star Cement Ltd. has established itself as the most accredited brand in the region for providing high-quality cement and fair pricing.

Spread across 200 hectares of land, the company has its 1.67 million tonnes per annum (MTPA) integrated cement plant in a strategic location in the idyllic town of Lumshnong in Meghalaya that ensures easy availability of high-grade limestone.

In addition, the company has two grinding units, a 2 million tonnes per annum (MTPA) cement unit in Sonapur near Guwahati and another cement unit at Mohitnagar near Siliguri in West Bengal with a capacity of 2 million tonnes per annum (MTPA) thereby, aggregating an installed capacity of around 5.7 MTPA.

Star Cement has gained a prominent position in the Indian construction industry for its premium quality cement, focusing on sustainable development, to meet today’s challenging building material needs and home-building aspirations of millions of customers, supported by pioneering marketing initiatives. 

Star Cement as a brand goes beyond manufacturing and selling its products, it also provides technical support, best in class home building solutions and services to customers at all stages of the construction from foundation to roof.

The brand believes in strong & socially responsible corporate governance by playing a pivotal role in safeguarding the environment, promoting economic development, strengthening livelihoods and social development and fulfilling its responsibilities towards society with consistent Corporate Social Responsibility initiatives.

Star Cement product range for construction includes Ordinary Portland Cement (OPC 43-Grade) and (OPC 53-Grade) and Portland Pozzolana Cement (PPC), Portland Slag Cement (PSC) and a marque product in the value-added segment Anti Rust Cement (ARC) in line with evolving customer and construction needs. Our product range is known for competence and quality making it an unprecedented choice for customers, engineers, dealers and contractors.

https://www.starcement.co.in/home


Current Market Price - Rs.143

Year High - 150

Year Low - 84


Returns -

1 month - 1%

6 months - 26%

1 year - 68%


Technically bullish trading near Year High.  Buy on declines would be a better strategy to buy this cement stock. They are addressing a niche market and rapidly growing.


Date 4 July 2023


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