The bulk of this growth will come from the top-three cement producers--Ultratech, Ambuja and Shree Cement
SEBI halts JSW Cement's ?4,000 crore IPO.
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JSW Cement has a manufacturing capacity of 19 MT annually.
JSW Cement plans to double its grinding capacity to meet growing market demand.
GQG Partners reportedly raised its investments in six Adani Group companies by around Rs 83 billion.
The agency expects that the credit risk profiles of manufacturers will remain stable.
GQG Partners has increased its stake in Ambuja Cement by 1.8%, investing ?27.50 billion in the latest acquisition.
An Adani Group entity has divested a 2.76% stake in Ambuja Cement, raising ?4,251 crore through the transaction.
The cement sector plans to invest ?1.25 trillion in capital expenditures by FY27, according to CRISIL, reflecting strong growth prospects and increased demand.
