UltraTech acquired 8.7% more stake in Star Cement: Now the stake is 21.84%, Birla and Adani Group now have 36% stake in cement sector

Aditya Birla Group company UltraTech has taken an additional 8.7% stake in Star Cement. With this deal of 851 crores, UltraTech’s share in the cement sector has increased to 21.84% and it is the third largest cement company in the world.

At the same time, Adani Group is in second place with 14.12% stake. That is, only two corporate groups have 36% market share in this industry. In 2024, 11 merger-acquisition deals have been done in this sector, which is the highest since 2014. The reason for this is said to be the number one battle between the two groups.

UltraTech is the third largest cement company in the world

UltraTech has acquired 6 cement companies since 2013. Recently it acquired India Cements, one of the top-10 cement companies in 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. Since 2022, this group has acquired 4 cement companies.

Adani Cements’ target is to increase cement production capacity to 140 million tonnes per annum by 2028. Currently 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% share in global production, India is now the second largest cement producer after China.