The country’s largest cement maker, UltraTech, will increase its capacity in India by a third by 2025-26 (FY26) from the current levels, even as rivals look to add scale through acquisitions.
JSW Cement recently picked up India Cements’ limestone mine and land in Madhya Pradesh (MP) for Rs 477 crore. Limestone is used to make cement. JSW Cement has since announced setting up a 5-million tonne per annum (mtpa) plant in central India. By 2024-25, it is looking to touch 25 mtpa in terms of capacity, from the present-day 17 mtpa.
Adani Group, on the other hand, has been scouting