en.Wedoany.com Reported - India's Star Cement has been declared the preferred bidder for the mining lease of the Boro Lakhindong West Block, as determined by an e-auction conducted by the Government of Assam. The block is located in Boro Lakhindong Village, Umrangso Tehsil, Dima Hasao District, Assam, covering an area of 123 hectares with an estimated limestone resource of 207.822 million tonnes. These resources will provide raw materials for cement production and support the company's manufacturing operations in the region.

The company is engaged in the manufacturing and sale of cement clinker and cement, with products distributed across the northeastern and eastern states of India. Star Cement operates plants and a logistics network, procuring and processing limestone to produce cement clinker. The newly added Boro Lakhindong block is seen as a strategic supplement to raw material supply. The preferred bidder status ensures its right to the designated lease area under the auction terms.

Star Cement's financial results for the fourth quarter of fiscal year 2026 showed a 20.24% increase in consolidated net profit year-on-year, reaching INR 1.481 billion, and an 11.54% increase in revenue, reaching INR 11.7355 billion. These results reflect growth in sales volume and revenue in the company's key markets, as cited in the company disclosure accompanying the lease announcement. The reported performance provides context for the company's ability to seek and fund new mining leases.

The market reacted moderately to the news, with the company's shares rising 0.36% on the Bombay Stock Exchange (BSE) to close at INR 212. The award of the Boro Lakhindong lease concludes the e-auction process for the West Block and assigns operational rights to Star Cement as the preferred bidder, subject to the completion of statutory and contractual procedures.