Star Cement Limited has announced that its wholly owned subsidiary, Ri Pnar Cement Private Limited, has entered into a definitive agreement to acquire 100% equity stake in Nitesh Minerals Private Limited. The all-cash transaction is valued at Rs 17.19 crore. This strategic acquisition is designed to secure an uninterrupted supply of limestone for its cement manufacturing operations and unlock significant logistic benefits for the company’s broader business interests.
Strategic Acquisition for Supply Chain Security
In a move to strengthen its operational capabilities, Star Cement Limited has confirmed the acquisition of Nitesh Minerals Private Limited. Through this transaction, Ri Pnar Cement Private Limited will become the parent entity of Nitesh Minerals, which will subsequently operate as a step-down subsidiary of Star Cement. The acquisition was formalised on April 18, 2026, via a comprehensive share purchase agreement.
Rationale and Financial Highlights
The primary driver behind this investment is the mining lease held by Nitesh Minerals. By gaining full control of this entity, Star Cement intends to ensure a consistent and reliable supply of limestone, a vital raw material for its core cement business. Beyond supply security, the company expects to gain substantial logistic efficiencies in its production and distribution network.
The acquisition was completed for a total cash consideration of Rs 17.19 crore. Nitesh Minerals, incorporated in 2006 and based in Jodhpur, Rajasthan, recorded a turnover of Rs 157.22 lakh during the 2025 financial year, highlighting the company’s ongoing focus on mineral extraction and trade.
Source: BSE
