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2 hours ago · Adani Group’s big bang entry in 2022 upended the local pecking order — it became No. 2 cement maker overnight with the acquisition of Ambuja Cements Ltd and ACC Ltd — but it spent much of ...
- UltraTech: Billionaire battle heats up as Adani challenges Birla for ...
Billionaire tycoons Gautam Adani and Kumar Mangalam Birla...
- UltraTech: Billionaire battle heats up as Adani challenges Birla for ...
5 hours ago · July 28, 2024 at 7:30PM EDT. Gautam Adani, chairman of Adani Group (Kobi Wolf/Photographer: Kobi Wolf/Bloomber) (Bloomberg) -- Battle lines are being drawn in India’s cement space as Gautam Adani’s expansion spree sets off a race with fellow billionaire Kumar Mangalam Birla’s UltraTech Cement Ltd. to build capacity and snap up assets.
3 hours ago · Billionaire tycoons Gautam Adani and Kumar Mangalam Birla are in a fierce competition within India's cement industry, focusing on acquiring assets and expanding production capacity. Adani's entry in 2022 disrupted the market, with both Adani Group and Birla's UltraTech Cement Ltd. executing several deals. Adani aims to double production capacity to 140 million tons by 2028, whereas UltraTech ...
1 hour ago · 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 ...
5 hours ago · Indian billionaire Gautam Adani experienced a remarkable surge in his net worth last week. Thanks to the strong performance of Adani Group companies' stocks, his wealth increased by 5.6 billion dollars (₹46,663 crore). This impressive rebound comes nearly a year after he faced significant losses ...
5 hours ago · 29 Jul 2024, 10:10 am. (July 29): Battle lines are being drawn in India’s cement space as Gautam Adani’s expansion spree sets off a race with fellow billionaire Kumar Mangalam Birla’s UltraTech Cement Ltd to build capacity and snap up assets. The clash of titans is likely to intensify as the deep-pocketed tycoons seek to dominate supplies ...
5 hours ago · Aditya Kondawar, a partner at the wealth management business Complete Circle Capital Pvt. Ltd. with offices in Pune, stated, "Adani's philosophy whenever they enter a sector is to dominate and take on competitors on a war footing." "After Adani entered the market, there was increased aggressiveness, which inspired UltraTech to grow as well.
