Star Cement to Invest ₹3,200 Crore in Assam, Signs MoU

Star Cement Ltd has announced plans to set up a ₹3,200-crore cement clinker and grinding plant in Assam. The company signed a Memorandum of Understanding (MoU) with the Assam government on Wednesday during the Advantage Assam 2.0 Investment and Infrastructure Summit 2025.

Key Agreements Signed

Star Cement’s Expansion in Assam

The new plant will help boost cement production in the state, creating jobs and strengthening infrastructure development.

Hydrogen and Steam Generation Plant

Matheson Hydrogen Pvt Ltd signed an agreement with the state government to set up a ₹1,500-crore hydrogen and steam generation plant, supporting green energy initiatives.

Healthcare and Education Investments

• The Assam government also signed a ₹500-crore MoU with Global Health Ltd to enhance healthcare facilities.
• 2 non-financial agreements were signed with ITE Education Service to support educational initiatives.

More Investments Expected

Chief Minister Himanta Biswa Sarma thanked the companies for their support and mentioned that more agreements would be signed throughout the day.

On day one of the summit, 164 MoUs were signed across 15 sectors, showcasing Assam’s potential as an investment hub.

About Star Cement Ltd

Star Cement Ltd manufactures and sells cement and clinker, catering to markets across northeastern and eastern India. It is the leading cement producer in Northeast India.

As of February 27, 2025, at 10:20 AM IST, Star Cement share price stands at ₹211.04, down ₹1.49 (0.70%) for the day. The stock opened at ₹213.01, reached a high of ₹213.59, and a low of ₹210.42 so far. The company’s market capitalisation is ₹8,530 crore, with a P/E ratio of 63.91. The stock’s 52-week high is ₹256.00, while its 52-week low is ₹171.55.

Conclusion

The investments in cement, green energy, healthcare, and education reflect Assam’s growing appeal as an investment destination. With more agreements expected, the state is set for significant industrial and economic growth.

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