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Adani Cement eyes 20% mkt pie by FY28
The New Indian Express
|April 14, 2024
ADANI CEMENT, which comprises ACC, Ambuja Cement and Sanghi Industries, is eyeing 20% market share by FY28 from the existing 14%, according to an investor presentation of the company.
It hopes to grow at a compounded annual growth rate of 16% to reach 140 million tonne per annum production by 2028. It predicts the cement industry to grow at a CAGR of 7-8% till 2028. To grow at 16% CAGR till 2028, Adani Cement plans to implement an accelerated capex program through internal accruals. However, the company hopes to remain debtfree despite undertaking the capex.
Cette histoire est tirée de l'édition April 14, 2024 de The New Indian Express.
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