Adani Group plans to reach a 20% cement market share in India by FY28 through acquisition and expansion.
Adani Group, led by Gautam Adani, plans to capture a 20% share in India's cement market by FY28 through an accelerated capex program funded by internal accruals and debt-free expansion. Acquiring Ambuja Cements and ACC Ltd in 2022, the conglomerate currently has a 14% share. India's cement industry is expected to grow at 7-8% CAGR, and Adani Group aims to expand its production capacity to 140 MT by FY28.
April 12, 2024
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