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UltraTech Cement - Southern Dominance; Consolidation Virtues Appear Distant: ICICI Securities

Along with Kesoram Industries, the India Cements deal is set to catapult UltraTech Cement’s capacity share in south India to ~23%, from ~12%, says the brokerage.

<div class="paragraphs"><p>UltraTech Cement bags lying in a tempo inside a warehouse in Mumbai. (Photo: Vijay Sartape/ NDTV Profit)</p></div>
UltraTech Cement bags lying in a tempo inside a warehouse in Mumbai. (Photo: Vijay Sartape/ NDTV Profit)
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