Adani Group

Goutam Adani becomes India’s Second-Largest Cement Maker After Holcim Deal

Goutam Adani becomes India’s Second-Largest Cement Maker After Holcim Deal

Adani is now to become India’s second-largest cement manufacturer, Gautam Adani said the group expects aggressive expansion and plans to double the existing 70 million tonnes per year capacity within the next five years. Adani Group Chairman Gautam Adani said, “Our move into the cement business is a validation of our belief in our nation’s growth story and our own capabilities. We had stated last year that this was a sector in which we would be investing and had already incorporated Adani Cement as a wholly-owned subsidiary. The drivers for this decision have been based on two primary factors. The…
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