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Star Cement’s arm acquires 100% shareholding in JRPPL

24 Apr 2026 Evaluate

Star Cement’s subsidiary -- M/s Star Cement North East (SCNEL) has acquired 100% shareholding of M/s Jaitaran Renewable Power (JRPPL) from the shareholders of JRPPL.

Consequently, JRPPL became the wholly owned subsidiary of SCNEL and a step down subsidiary of Star Cement. The objective of acquisition is to diversify the business into a new vertical and strengthening its initiatives towards renewable energy. 

Star Cement is engaged in the manufacturing and selling of Cement Clinker & Cement.

Peers
Company Name CMP
Ultratech Cement 11100.00
Ambuja Cements 384.75
ACC 1236.65
Shree Cement 22342.90
Dalmia Bharat 1698.10
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