NEW DELHI:
Over 50 MTPA (million tonnes per annum) capacity are being acquired for $4.5 billion by two leading players - Aditya Birla group firm UltraTech Cement and billionaire Gautam Adani-led Ambuja Cements, besides organic expansion of the existing units as they have kept their war chest ready prowling for opportunities.
The industry faced numerous challenges in 2024, which impacted the topline margins and volume growth of several companies. The industry faced challenges on numerous fronts in 2024, right from moderate capacity utilisation to lower sales realisation, which impacted the topline of several makers, contraction of margins and slower volume growth.
This story is from the December 26, 2024 edition of Hindustan Times Ranchi.
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This story is from the December 26, 2024 edition of Hindustan Times Ranchi.
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