Don't see a major worry: Adani Cement CEO on any price war expected

Considering 420 mn tonnes demand base, at 8 or 10 per cent growth, you would need about 35 mn tonnes of extra cement to be produced, said Kapur

In September 2022, the Adani group became the new promoters of ACC and Ambuja Cements, making the conglomerate the country’s second-largest cement producer overnight. Ajay Kapur, chief executive officer (CEO), cement business, Adani group, in a face-to-face interview with Amritha Pillay, talks about price war and how the company hopes to tackle related-party transactions (RPT), among other things. Edited excerpts:

The Adani group entered the cement sector in September last year, since speculation about a price war started. We have not seen one so far. What is your outlook?

I think India should grow at 6-7 per cent of gross domestic product