Star Cement, Assam government inks MoU worth Rs 1,400 crore

12 May 2023 CW Team

Star Cement and the Government of Assam have signed an MoU for an investment worth Rs 1400 crores in Assam.

The MOU calls for the establishment of a cement grinding unit in Guwahati, as well as another cement grinding unit in Cachar, as well as AEC Block and other construction manufacturing units in Guwahati.

The total investment of 1,400 crores was signed between the Government of Assam and Star Cement, led by Chief Minister Himanta Biswa Sarma and Minister of Industry & Commerce Bimal Bora, in the presence of Star Cement Chairman Sajjan Bhajanka and Executive Director Tushar Bhajanka.

"We feel privileged to be a part of this historic day where our investment will contribute to the development of infrastructure in the state that will generate thousands of direct and indirect jobs in the state," said Sajjan Bhajanka, Chairman of Star Cement.

"With the help of the state government, Star Cement hopes to promote industrial activity in the state and become a dedicated agent in the overall development of the region."

Sarma called it a "red letter day" because the state received Rs 8201.29 crore in private investment.

"We have resolved the fault line in our society," he said. For the first time since the Assam agitation, the last two years have been unprecedented in our history, we haven’t seen any bandh or agitation that endangered the industrial environment of the state.”

Also Read
KPDL signs two new residential projects in Pune
Aim to make Vande Bharat a world-class train

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..