ultratech: Why cement biggies like to take inorganic route to grow

ET Intelligence Group: In commodity sectors, big companies become bigger to stay relevant by following a dual strategy of acquiring peers while expanding organically. Over the past eight years, India’s cement sector has been in a consolidation phase. It started with the acquisition of 21.2 million tonnes (MT) cement assets of Jaiprakash Associates by UltraTech in February 2016 for ₹16,600 crore.This was followed by more prominent deals in recent