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
Gautam Adani (File Pic)
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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