Indian cement companies are flocking to South India, the region with the largest share in cement production at 33%.
South India leads with 33% of cement production, followed by the North (22%), East (19%), West (13%), and Central (13%).
Giants like Adani and JSW Group are targeting the Southern market, driven by robust growth potential and aggressive competition.
The South boasts 184 MTPA of installed capacity, with UltraTech leading with 20.5 MTPA. Major players include Ramco Cements, India Cements, and Dalmia Bharat.
2023 saw UltraTech acquire Kesoram Industries, Adani buy Penna Cement, and Shree Cement expand in Karnataka. Dalmia Bharat also set up a new mill in Tamil Nadu
Rapid urban growth, extensive infrastructure projects, and lower asset valuations make South India a prime target for cement companies.