Adani Cement, the owner of Ambuja Cement and ACC, has decided to withdraw from the Cement Manufacturers' Association (CMA), an industry lobby group that represents major cement companies in the country. Adani Cement had disagreements with the CMA on various issues.
Both Ambuja Cements and ACC had ceased sharing their production and sales data with the CMA a few years ago and had not actively participated as members of the association.
The CMA itself had stopped actively collecting data after facing allegations from India's competition watchdog of being involved in a cement price-fixing cartel. Adani Cement's exit from the CMA could be seen as a procedural measure to avoid potential future legal issues.
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