Star Cement Limited Declared Preferred Bidder for Assam Mining Lease
Star Cement Limited has been designated as the 'Preferred Bidder' for the highly valuable Mining Lease of Boro Lakhindong (West Block) in the state of Assam. The status was determined following e-auctions conducted by the Government of Assam.The mining lease pertains to an area located in Village: Boro Lakhindong, Tehsil: Umrangso, within the Dima Hasao district, formerly known as North Cachar Hills.
The declared resource holds significant industrial potential, with the block estimated to contain a limestone resource amounting to 207.822 million tonnes. The area covered by this lease is set at 123 hectares.
Stock Price Movement
As of 11:16, Incon Engineers Ltd. shares are ticking up significantly to ₹21.03, posting a notable gain of 4.99%. However, the stock is currently trading completely flat, as its intraday high and low remain locked at the same price point.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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