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In the highly competitive cement industry in India, the Adani Group faces challenges in catching up to the leader, UltraTech Cement, owned by the Aditya Birla Group. UltraTech recently crossed 150 million tonnes in production capacity and plans to further increase it to 200 million tonnes. Adani has made strategic acquisitions but will need more to gain market share. The overall cement industry in India is expected to add significant capacity in the coming years, driven by infrastructure and housing demand.
Aditya Birla Group chairman Kumar Mangalam Birla expressed optimism about Vodafone Idea s future after the company raised Rs 18,000 crore. Birla called it a "fresh lease of life" for the telco, which has been facing challenges from competitors like Reliance Jio and Bharti Airtel. The funds will be used to improve the network, densify it, and selectively introduce 5G services, marking the beginning of Vi 2.0 . The company s overall debt now stands at Rs 4,000 crore, which Birla considers low.
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Aditya Birla Group’s cement flagship, UltraTech Cement Limited, has crossed 150 million tonne per annum (MTPA) production capacity, with the commissioning of two greenfield units in Tamil Nadu and Chhattisgarh on Tuesday