What UltraTech and JSW Cement plan to do after losing Holcim deal to Adani

Speeding up capacity expansion would be top focus area, said analysts

UltraTech and JSW Cement, who lost out to the Adani group, in the race to acquire Ambuja Cement and its subsidiary ACC from parent Holcim AG, are now likely to focus on speeding up their capacity expansion plans, analysts tracking the market said. JSW declined comment when contacted. A text sent to Aditya Birla group, which owns UltraTech, elicited no response till the time of going to press.

However, UltraTech, according to analysts, plans to take its cement capacity to 137 million tonnes per annum (mtpa) by the end of the current financial year (FY23). The country's largest cement manufacturer