4.

What is happening in the cement industry?
4.
CEMPI
127.38
+0.06 +0.05%
CONCPI
100.56
+0.07 +0.07%
CLKPI
127.82
-0.26 -0.20%
SPPI
49.40
+0.68 +1.40%
MORPI
77.98
-0.49 -0.62%
In 2024, India's domestic cement industry underwent a major consolidation, with fierce competition between two giants, Chaoke Cement, led by Aditya Birla Group, and Ambuj and ACC Cement, owned by Adani Group. The two companies have aggressively expanded through massive mergers and acquisitions. Chaoke Cement and Adani Cement have acquired 50 million tons per year of capacity for $4.5 billion to consolidate their respective market positions and achieve planned growth.