Cement industry witnessing consolidation and heightened rivalry between two corporate houses — Kumar Mangalam Birla-led Aditya Birla Group and Gautam Adani-led Adani Group — snapping up smaller players
The increased sales volume will counterweight the impact of rising power and fuel costs on cash accruals and will keep the credit outlook of cement makers stable, the rating agency said.
Cement body accuses Credai and BAI of artificially jacking up prices of flats and houses, says they are holding on to prices despite having a margin of more than 100%
The newly-formed South India Cement Manufacturers' Association (SICMA) will be headed by N. Srinivasan, Vice-Chairman and Managing Director of The India Cements Ltd.
