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Adani's foray expected to trigger consolidation in cement industry

Adani, Ultratech, Dalmia Bharat, Shree Cement to buy smaller companies, say analysts

Topics
Gautam Adani | cement industry | UltraTech

Dev Chatterjee  |  Mumbai 



Adani, Gautam Adani

With the cash-rich Adani group aiming to become India's biggest cement maker by 2030, the Aditya Birla group-owned UltraTech, which is currently India's top cement firm, is expected to face the heat. Both groups might try to acquire smaller rivals in the cement industry, say industry analysts.

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First Published: Sun, September 18 2022. 13:55 IST

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