Adani Group is a new entrant in the cement sector. It entered the Cement sector in September 2022, after acquiring controlling stakes in Ambuja Cement from Swiss firm Holcim for USD 6.4 billion (about Rs 51,000 crore). Later, Ambuja Cements owns a 51 per cent stake in ACC Ltd, pursued inorganic growth, acquiring small companies as Hyderabad-based Penna Cement and Saurastra-based Sanghi Industries. Earlier this year, it also acquired Orient Cement from the CK Birla group. The Indian cement market is led by Aditya Birla Group firm UltraTech Cement Ltd, which has a consolidated capacity of 192.26 MTPA.