NEW DELHI:
Over 50 MTPA (million tonnes per annum) capacity are being acquired for $4.5 billion by two leading players - Aditya Birla group firm UltraTech Cement and billionaire Gautam Adani-led Ambuja Cements, besides organic expansion of the existing units as they have kept their war chest ready prowling for opportunities.
The industry faced numerous challenges in 2024, right from moderate capacity utilisation to lower sales realisation, which impacted the topline of several makers, contraction of margins and slower volume growth.
However, 2024 would also be known for big-ticket acquisitions by UltraTech and Adani Cement to consolidate their positions and achieve their targeted growth ahead of time.
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