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Adani Group's Ambuja Cements acquires Penna Cement for Rs 10,422 crore.

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The rivalry between the Adani Group and Birla Group in the cement industry has intensified, reflecting broader trends in the Indian business landscape. Both conglomerates have deep-rooted interests in various sectors, but their competition in cement

The housing sector is the biggest consumer of cement in India, accounting for about 67% of the country's total cement consumption.

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In 2022, the market size of cement was estimated at $26.85 billion, and is projected to grow to $49.24 billion by 2029.

IISc-Backed Novacret Develops Eco-Friendly Cement Alternative: Novacret Paves the Way for Sustainable Construction A Bengaluru-based startup incubated at the Indian Institute of Science (IISc) has developed an eco-friendly geopolymer-based cement al

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India is the world's second largest producer of coal and cement, and the fourth largest producer of iron ore. India also produces significant amounts of bauxite, mica, and sponge iron.

As of April 2024, India's cement capacity is 553 million tons per annum (MTPA). By the end of the financial year 2024, the capacity is expected to increase to 586-589 MTPA