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Adani foray into cement drives deep discounts
Mint Chennai
|December 21, 2024
Competition in India's cement sector heated up with the entrance of the Adani Group in September 2022, top manufacturers bumped up discounts to maintain market share, according to a report from British wealth manager Investec.
Average discounts offered per tonne of cement by UltraTech Cement, Shree Cement and Dalmia Bharat increased consistently over FY23 and FY24, shows the 8 December report. Ramco Cements saw a sharp drop in discounts in FY23 before a hike in FY24, data show. However, Ambuja Cements and ACC, the companies purchased by the Adani Group for its cement foray, gradual
Dit verhaal komt uit de December 21, 2024-editie van Mint Chennai.
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