Billionaire battle heats up as Adani challenges Birla in cement

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Times of India 5h ago

Billionaire battle heats up as Adani challenges Birla in cement - Times of India

Quick Summary:

India's cement industry is witnessing an intense battle as Gautam Adani's expansion efforts trigger a race with Kumar Mangalam Birla's UltraTech Cement Ltd.

Both billionaires are striving to dominate the supply of cement, crucial for India's infrastructure boom.

In less than two years, Adani and UltraTech have completed six deals, with UltraTech announcing a seventh acquisition of a key regional player.