In September 2022, the Adani group became the new promoters of ACC and Ambuja Cements, making the conglomerate the country’s second-largest cement producer overnight. Ajay Kapur, chief executive officer (CEO), cement business, Adani group, in a face-to-face interview with Amritha Pillay, talks about price war and how the company hopes to tackle related-party transactions (RPT), among other things. Edited excerpts:
The Adani group entered the cement sector in September last year, since speculation about a price war started. We have not seen one so far. What is your outlook?
I think India should grow at 6-7 per cent of gross domestic product (GDP) in the next 10 years but cement may continue to trail. Earlier, it used to be 1.3 times the