Companies

Star Cement gets Rs 158 cr as capital investment subsidy

PTI New Delhi | Updated on January 09, 2018 Published on December 27, 2017

Cement maker Star Cement today said it has received Rs 158.82 crore towards capital investment subsidy claim from the government.

The company will use these funds to repay loans, it said.

Star Cement along with its subsidiary, Star Cement Meghalaya has received Rs 158.82 crore “towards capital investment subsidy claim from the central government and this amount will be utilised towards repayment of loans,” the company said in a regulatory filing.

The stock closed 0.35 per cent down at Rs 128.50 on BSE.

Published on December 27, 2017
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