Moody’s Sees Cement Sector Growth Fuelled by M&As

28 May 2025 CW Team

India’s cement sector is expected to see greater consolidation as demand grows steadily, according to Moody’s Ratings. Larger companies are acquiring smaller regional players to increase capacity and maintain competitiveness.

In the past five years, the top ten cement firms have acquired about 140 million metric tonnes per annum (MMTPA) of capacity, worth Rs 890 billion. This trend is likely to continue, with UltraTech and Ambuja leading further mergers and acquisitions, especially targeting lower-profitability regional producers.

South India remains the most exposed to consolidation, with over 200 MMTPA capacity and a high number of smaller firms, ahead of the North and East, which have about 150 MMTPA each.

Moody’s projects a compound annual growth rate of six to seven per cent in cement consumption until 2030, driven by housing and infrastructure needs. The industry is expected to boost capacity by one-third over five years. UltraTech and Ambuja will contribute 30 per cent of the 200 MMTPA planned increase by financial year 2028, followed by Shree Cement and Dalmia Bharat at 25 per cent.

Despite risks such as fuel import dependency and mining taxes, the sector is expected to remain strong, supported by consolidation and robust demand.

Source: KNN Bureau

Real Estate

01 Sep 2025

Pidilite PPS Sets New Standards in Hospitality Construction

In the fast-paced world of hospitality, where every surface tells a story and every detail impacts the guest experience, Pidilite Professional Solutions (PPS) is emerging as a trusted partner for performance-driven construction. Built on Pidilite’s legacy of customer-centric innovation, PPS offers tailored solutions that go far beyond materials—delivering expertise, accountability, and assurance from design to execution.PPS is a natural extension of how Pidilite has always worked—through deep insight into customer needs and by designing fit-for-purpose solutions. Pidilite’s brands..

Rs 2.82 Billion Approved for NH-48 Flyovers, Footbridges

Gurugram’s section of National Highway 48 is set for a significant infrastructure upgrade, with the Central Government approving Rs 2.82 billion for the construction of four flyovers and nine foot overbridges along the Gurgaon–Kotputli–Jaipur corridor. This initiative aims to ease congestion, improve commuter safety, and boost regional connectivity, according to officials.The planned flyovers will be built at Panchgaon Chowk, Rathiwas, near the Hero Company, and Sahlawas. The nine foot overbridges will be constructed at Shikhopur, Manesar, Binola, Rathiwas, Malpura, Jaisinghpurkhera, Sid..

VSL Wins Rs 810-Cr O&M Deal for 810 MWp NGEL Solar Assets

VSL Renewable Services has secured a Rs 810 crore operation and maintenance (O&M) contract for 810 MWp of NTPC Green Energy’s (NGEL) solar power projects spread across Andhra Pradesh, Madhya Pradesh, and Rajasthan. The contract duration is 36 months.The tender, issued in January 2025, was divided into two lots: Lot 1 for 1,054 MWp and Lot 2 for 810 MWp. VSL emerged as the lowest bidder in both categories, but was awarded only Lot 2 in accordance with NTPC’s tender guidelines.Advanced Monitoring and Tailored StrategiesThe O&M scope will employ artificial intelligence and Internet of..