Adani, Aditya Birla locked in a race to expand cement biz

Competition is intensifying in India's cement industry, with the Adani Group's cement venture dialling up its capacity expansion target by just over 10%, a fortnight after larger rival, Aditya Birla Group flagship UltraTech Cement Ltd raised its target by a similar quantum.

- Dipali Banka

Adani Group plans to add 15 mtpa by FY28, taking capacity to 155 mtpa--double its size since acquiring Ambuja & ACC in 2022.REUTE

Billionaire Gautam Adani, who entered the cement industry three years ago with the acquisition of Holcim AG's India business and became India's second-largest cement manufacturer overnight, has gone on to buy smaller cement firms such as Sanghi Industries, Penna Cement and Orient Cement.