Assam, Star Cement ink Rs 1,400 cr investment pact
Cement

Assam, Star Cement ink Rs 1,400 cr investment pact

Star Cement and the Government of Assam signed a Memorandum of Understanding (MoU) today for an investment of Rs 1,400 crore in the state.

The MoU was signed by Chief Minister Himanta Biswa Sarma, Minister of Industry & Commerce Bimal Bora, Star Cement Chairman Sajjan Bhajanka and Executive Director Tushar Bhajanka.

The investment will be used to set up a cement grinding unit in Guwahati, another cement grinding unit in Cachar, as well as AEC Block and other construction manufacturing units in Guwahati.

The investment is expected to create thousands of direct and indirect jobs in the state.

Sajjan Bhajanka said that he felt privileged to be a part of this historic day and that their investment would contribute to the development of infrastructure in the state. He also said that they hoped to promote industrial activity in the state and become a dedicated agent in the overall development of the region.

Chief Minister Himanta Biswa Sarma called it a "red letter day" for the state and said that it had received Rs 8201.29 crore in private investment. He also said that they had resolved the fault line in their society and that they hadn't seen any bandh or agitation that endangered the industrial environment of the state in the last two years.

The investment by Star Cement is a major boost for the state's economy and will help to create jobs and promote industrial activity. It is also a sign of confidence in the state's investment climate.

Also Read
Bids are being sought for multi-state railway station construction
India plans to use green hydrogen fuel at major ports by 2035

Star Cement and the Government of Assam signed a Memorandum of Understanding (MoU) today for an investment of Rs 1,400 crore in the state. The MoU was signed by Chief Minister Himanta Biswa Sarma, Minister of Industry & Commerce Bimal Bora, Star Cement Chairman Sajjan Bhajanka and Executive Director Tushar Bhajanka. The investment will be used to set up a cement grinding unit in Guwahati, another cement grinding unit in Cachar, as well as AEC Block and other construction manufacturing units in Guwahati. The investment is expected to create thousands of direct and indirect jobs in the state. Sajjan Bhajanka said that he felt privileged to be a part of this historic day and that their investment would contribute to the development of infrastructure in the state. He also said that they hoped to promote industrial activity in the state and become a dedicated agent in the overall development of the region. Chief Minister Himanta Biswa Sarma called it a red letter day for the state and said that it had received Rs 8201.29 crore in private investment. He also said that they had resolved the fault line in their society and that they hadn't seen any bandh or agitation that endangered the industrial environment of the state in the last two years. The investment by Star Cement is a major boost for the state's economy and will help to create jobs and promote industrial activity. It is also a sign of confidence in the state's investment climate. Also Read Bids are being sought for multi-state railway station construction India plans to use green hydrogen fuel at major ports by 2035

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code