ARTICLE AD BOX
Mumbai: Star Cement, a subsidiary of UltraTech Cement, has entered into a definitive agreement to acquire a 100% stake in Nitesh Minerals for ₹ 17.19 crorek, the company said in a press release.
This development comes a day after UltraTech Cement announced it had reached its 200 MTPA milestone, as the Aditya Birla Group company became the world’s largest cement maker outside China.
Jodhpur-based Nitesh Minerals holds limestone mining leases, the primary raw materials for cement production. By bringing the company on board, Star Cement aims to secure its limestone supply, unlocking significant logistical benefits aligning with the company’s broader business interests.
With a turnover of ₹157.22 lakh in 2025, Star Cement will acquire Nitesh Minerals in cash. Upon completion, Nitesh Minerals will become a wholly owned subsidiary of Ri Pnar cement and a wholly owned subsidiary of Ri Pnar Cement.
UltraTech Cement had bought a stake in Meghalaya-based Star Cement in December 2024 for ₹ 851 crore. The company has been looking to consolidate its position as India’s number one cement maker after the Adani Group has been challenging its position as India’s leading cement manufacturer.
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