 "Ajay Kapur, Chief Executive Officer of the cement business at Adani Group")
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
