Business News›Industry›Ind'l Goods/Svs›Cement›Gautam Adani is spoiling for an epic war with Kumar Mangalam Birla
Gautam Adani is spoiling for an epic war with Kumar Mangalam Birla
Synopsis
The Holcim deal, India’s largest-ever M&A transaction in the infrastructure and materials space, pits Adani in a race with Kumar Mangalam Birla, who owns UltraTech, India’s No 1 cement maker.
Post regulatory approval for the Holcim deal, Gautam Adani stands to become the second-largest cement maker in the country in one shot – with a combined pan India capacity of 66 million tonnes per annum (mtpa) in the highly competitive, fragmented and price-sensitive market.The Holcim deal, India’s largest-ever M&A transaction in the infrastructure and materials space, pits Adani in a race with Kumar Mangalam Birla, who owns UltraTech, India’s
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