End of mega consolidation in cement sees a new pecking order emerge

Jaypee Group, Lafarge India out from top-ten list; Ultratech, Dalmia Bharat and Shree Cement strengthen their positions in it

The final decision on the sale of Binani Cement will not draw the curtains on the deal alone, but also on the consolidation spree seen in the country’s cement industry the past few years.

The good news is there is a new pecking order that has emerged, with the market share of some of the top 10 companies strengthening further. However, price discipline continues to elude, as companies focus on volumes and higher market share.

One of the early deals seen in this consolidation phase was Ultratech Cement’s purchase in 2013 of two cement assets in Gujarat with a combined