indian cement market Adani Group has started preparations to increase its dominance. Let us tell you that Adani Group led by Gautam Adani has set a target of achieving about 20 percent share in the Indian cement market by the financial year 2027-28. The group owns Ambuja Cement and ACC Limited. The Adani Cement business will implement its accelerated capital expenditure program through internal accruals and remain debt free, Ambuja Cement said in an investor presentation. 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. Market experts say that Ambuja Cement and ACC Limited will benefit from increasing stake in the cement business. Its effect will be seen on the shares of these companies in the coming days.
Target to increase market share to 20 percent
The Adani Group company said that the market share of Adani Cement is targeted to increase from the current 14 percent to 20 percent by the financial year 2027-28. At present, Adani Cement is the second leading company in this sector after Aditya Birla Group company UltraTech Cement. Adani Cement said it has total reserves of limestone of 800 crore tonnes, which is a key 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.
Expected to grow at the rate of 7-8 percent
Regarding the Indian cement industry, Adani Group said that it is expected to grow at the rate of 7-8 percent. Hindenburg reports that after emerging from allegations of financial irregularities against Adani’s companies, the group is continuously expanding its business. The group is making huge investments in expanding various businesses including ports, infra, aviation etc. Its results will become visible in the coming time.
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