UltraTech Cement, a leading company of the Aditya Birla Group, has announced its decision to acquire an 8.69% stake in Star Cement, a Meghalaya-based company, for ₹851 crore. This move aligns with UltraTech’s strategy to strengthen its presence in eastern and northeastern India, regions where Star Cement has a strong foothold.

Star Cement, known for its cost-efficient production and sustainable practices, operates extensively in these high-growth markets. The acquisition is expected to provide operational synergies and enhance UltraTech’s access to a robust dealer and retailer network in the region.

This investment highlights UltraTech’s focus on regional expansion and its commitment to maintaining leadership in the Indian cement industry amidst ongoing consolidation trends. The deal marks a significant step in UltraTech’s efforts to tap into high-potential markets while reinforcing its market dominance.