UltraTech bought stake from Star Cement: Now Birla and Adani Group have 36 percent share in the cement sector, know the details…

Aditya Birla Group company UltraTech has taken additional 8.7 percent stake in Star Cement. With this deal of Rs 851 crore, UltraTech's stake in the cement sector has increased to 21.84 percent. This is the third largest cement factory in the world.

At the same time, Adani Group is in second place with 14.12 percent stake. This means that 36 percent market share in this industry has gone to only two corporate groups. There are 11 merger-acquisition deals in the sector in 2024, the highest since 2014. The reason for this is said to be the fight for number one between the two groups.

UltraTech is the world's third largest cement company

UltraTech has acquired 6 cement companies since 2013. Recently it has acquired India Cements, one of the top-10 cement companies of the country.

Adani Cements is the second largest cement company in the country. Adani Group owns cement companies like Ambuja Cements, ACC and Sanghi Cement. From 2022 till now, this group has acquired 4 cement companies.

Adani Cements aims to increase cement production capacity to 140 million tonnes per year by 2028. At present its production capacity is 9.74 crore tonnes, UltraTech's is 150 million tonnes.

Both the giants spent Rs 40 thousand crore this year to acquire companies with annual production capacity of more than 50 million tonnes.

With more than 8 percent share in global production, India is now the second largest cement producer after China.