Brief by Shorts91 Newsdesk / 05:36pm on 29 Jul 2024,Monday Business
India's cement industry is witnessing fierce competition as Gautam Adani's aggressive expansion challenges Kumar Mangalam Birla's UltraTech Cement Ltd. Both tycoons aim to dominate the cement supply critical for India's infrastructure boom. Adani’s recent acquisitions have intensified the race, prompting UltraTech to make strategic moves. With significant deals completed and more in sight, the competition is set to escalate. Adani plans to double its production capacity by 2028, while UltraTech targets 200 million tons by 2027. This battle marks a significant phase in India's cement sector, driven by massive infrastructure investments.
