Will Adani Group become the king of cement sector? This plan was made to capture the market. Adani Group became

Gautam Adani (File photo: PTI)

Adani Group is always seen working for the growth of its business. This is the reason why the group has established its dominance in many sectors. Now the group’s eyes are on the cement sector. He is working on a brilliant plan to become the king of the cement sector. This information has been given by Adani Group company Ambuja Cement. Gautam Adani-led Adani Group has set a target of achieving about 20 percent share in the Indian cement market by the financial year 2027-28.

The group currently leading these two companies

The group owns Ambuja Cement and ACC Limited. Ambuja Cement said Adani’s cement business will implement its accelerated capital expenditure program through internal accruals and will remain debt free. Apart from this, Adani Group is also increasing the pace of cement capacity expansion and with a growth rate of 16 percent, it is expected to reach 140 million tonnes per year by the financial year 2027-28. The Adani Group company has said that the target is to increase the market share of Adani Cement from the current 14 percent to 20 percent by the financial year 2027-28.

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Adani Cement has treasure

At present, Adani Cement is one of the second largest companies in this sector after Aditya Birla Group company UltraTech Cement. Adani Cement said it has total reserves of 800 crore tonnes of limestone, which is a major raw material for the cement industry. Apart from this, 40 percent of its fly ash demand is available under long-term arrangement and this figure will increase to more than 50 percent by 2028. Regarding the Indian cement industry, Adani Group said that it is expected to grow at the rate of 7-8 percent. If this happens, then Adani Group will get a big lead in this sector.

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Brijesh Pratap
Brijesh Pratap

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