Star Cement Expands with New Subsidiary in Meghalaya

Star Cement has established a new subsidiary, RI PNAR CEMENT (RPCPL), in Meghalaya, strengthening its presence in the region. The incorporation of this wholly-owned subsidiary was approved by the Ministry of Corporate Affairs (MCA) on September 5, 2024.

With an authorized capital of ₹10 lakh, divided into 1 lakh equity shares valued at ₹10 each, RPCPL is positioned to explore new opportunities in the cement industry, leveraging Meghalaya’s abundant limestone resources.

The creation of RPCPL aligns with Star Cement's strategy to expand its footprint in Northeast India, a region with growing infrastructure demands. This move is expected to enhance the company’s production capabilities and market reach.

By setting up RPCPL, Star Cement aims to contribute to the regional economy while solidifying its competitive edge in the industry. The subsidiary is a key part of the company's long-term growth strategy.

This development marks another milestone in Star Cement's efforts to remain a dominant player in the cement market, particularly in regions with significant growth potential.

News by Rahul Yelligetti