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India stands as the second-largest producer of cement in the world, accounting for more
than 8% of global installed capacity. The cement industry in India plays a crucial role in
the country’s infrastructure development and economic growth. As of April 2024, the
installed capacity of cement in India is 553 MTPA (Million Tonnes Per Annum) with a
production of 298 MTPA.
The Indian cement industry is projected to grow by 6-7% in FY25, following a strong
7-8% YoY growth in the last quarter of FY24. The market size reached 3.96 billion tonnes
in FY23 and is expected to touch 5.99 billion tonnes by 2032, exhibiting a CAGR of 4.7%.
Cement consumption is forecasted to reach 450.78 million tonnes by the end of FY27.
Top 10 Cement Companies in India
This post provides a comprehensive overview of the top 10 cement companies in India,
including their market share, production capacity, revenue, products, and recent
developments.
🏭 Indian Cement Industry Overview (as of 2024–25)
1️⃣ Regional Distribution of Cement Capacity
- South India: 32%
- North India: 20%
- East India: 20%
- West India: 15%
- Central India: 13%
📍 Southern India holds the largest share of installed capacity.
2️⃣ Plant Distribution
- Total of 210 large cement plants across India
- 77 plants concentrated in Andhra Pradesh, Rajasthan, and Tamil Nadu
🏗️ These three states form the core of India’s cement production infrastructure.
3️⃣ Market Structure
- The industry operates in an oligopoly, with major players having partial control over pricing.
💡 Competition is strong, but a few key companies influence market trends.
4️⃣ Consolidation Trend (CY 2024)
- Mergers & acquisitions surged to over US$ 3.5 billion in deal value.
📈 This indicates increasing consolidation and scaling up among major players.
5️⃣ Foreign Direct Investment (FDI)
- Total FDI inflows: Rs. 51,074 crore (~US$ 7.91 billion)
- Period: April 2000 – September 2024
🌍 Steady foreign investment shows continued global confidence in the sector.
6️⃣ Market Concentration & Expansion
- Top four companies (UltraTech, ACC-Ambuja, Shree Cement, Dalmia Cement) plan to add 42+ million tonnes of capacity in FY25
🚀 These expansions aim to meet rising infrastructure demand and strengthen market share.
1. UltraTech Cement
Overview: UltraTech Cement is the largest cement manufacturer in India and the market leader in the cement industry. It started as L&T Cement and was later acquired by Grasim Industries (Aditya Birla Group) in 2004.
Key Statistics:
- Market Share: 25-31% (varies by source)
- Revenue (FY 2022-2023): ~₹50,000 crores
- Production Capacity: Aims to increase to 200 million tonnes
- Current Facilities: 11 integrated plants, 101 RMC plants, 20 integrated manufacturing units, 27 grinding units
- Price Range: ₹350-₹400 per 50 kg bag
Products:
- Ordinary Portland Cement (OPC)
- Portland Pozzolana Cement (PPC)
- Portland Blast Furnace Slag Cement
Sustainability Initiatives:
- Notable efforts to reduce carbon footprints and water usage
- Deploying 500 electric trucks and 1,000 LNG/CNG vehicles by June 2025
- Aims to increase green energy usage to 85% by 2030
Recent Developments:
- Received approval to acquire approximately 8.69% stake in Star Cement
- Projects 7-8% growth in cement demand for FY25
2. Ambuja Cements (ACC-Ambuja)
Overview: Ambuja Cement, famous for its tagline “Tootegi Kaise, Ambuja Cement Se Jo Bana Hai,” was founded in the 1980s and acquired by the Adani Group in 2022. It is India’s first water-positive cement company.
Key Statistics:
- Market Share: 6-21% (varies by source, combined with ACC)
- Revenue (FY 2022-2023): ~₹30,000 crores
- Production Capacity: Aims to increase from 100 MTPA to 140 MTPA by FY28
- Price Range: ₹340-₹380 per 50 kg bag
Products:
- Ordinary Portland Cement (OPC)
- Portland Pozzolana Cement (PPC)
Sustainability Initiatives:
- Certified water-positive
- Generates 2.7% of energy from renewable resources
- Plastic-negative
Recent Developments:
- Announced investment of approximately Rs. 1,600 crore to establish a cement grinding unit in Warisaliganj, Bihar
- Bihar Chief Minister laid foundation for a Rs. 1,600 crore cement grinding unit in Nawada
3. Shree Cement
Overview: Founded by B.G. Bangur in 1979, Shree Cement dominates northern and eastern India. It has over 50 MTPA production capacity and is known for its environmentally conscious operations.
Key Statistics:
- Market Share: ~8%
- Revenue (FY 2022-2023): ~₹15,000 crores
- Production Capacity: Over 50 MTPA
- Price Range: ₹320-₹370 per 50 kg bag
Products:
- Ordinary Portland Cement (OPC)
- Portland Pozzolana Cement (PPC)
- Portland Slag Cement (PSC)
Sustainability Initiatives:
- Utilizes waste heat recovery systems and alternative fuels
Recent Developments:
- Planning to invest Rs. 800 crore to set up a cement plant in North-East Bihar with 2 million tonnes annual capacity
- Plans to invest Rs. 2,000 crore to expand cement production capacity in Uttar Pradesh by nearly 7 million tonnes
4. ACC Limited
Overview: One of India’s oldest cement manufacturers, ACC Limited was established in 1936 and now operates 17 factories and over 50 RMC plants. It is now part of the Adani Group along with Ambuja Cements.
Key Statistics:
- Market Share: ~6%
- Revenue (FY 2022-2023): ~₹15,000 crores
- Price Range: ₹340-₹390 per 50 kg bag
Products:
- Ordinary Portland Cement (OPC)
- Portland Pozzolana Cement (PPC)
- Ready-Mix Concrete (RMC)
Sustainability Initiatives:
- Focused on innovation and environmentally friendly practices
5. Dalmia Cement
Overview: Founded by Jaidayal Dalmia in 1939, Dalmia Cement is a pioneer in using alternative fuels and green manufacturing processes.
Key Statistics:
- Market Share: ~5%
- Revenue (FY 2022-2023): ~₹10,000 crores
- Production Capacity: 44.6 MTPA across 15 plants in 10 states
- Price Range: ₹330-₹380 per 50 kg bag
Products:
- Ordinary Portland Cement (OPC)
- Portland Pozzolana Cement (PPC)
Sustainability Initiatives:
- Pioneer in using alternative fuels and green manufacturing processes
Recent Developments:
- Setting up a new cement plant in Madhya Pradesh with a production capacity of 4 million tonnes, involving an investment of Rs. 3,000 crore
6. JK Cement
Overview: Founded in 1975, JK Cement is a leading manufacturer of white cement and wall putty, with a production capacity of over 18 MTPA.
Key Statistics:
- Market Share: ~4%
- Revenue (FY 2022-2023): ~₹8,000 crores
- Production Capacity: Over 18 MTPA
- Price Range: ₹330-₹380 per 50 kg bag
Products:
- Grey cement
- White cement
Presence:
- Plants in Rajasthan and Fujairah (UAE)
7. Ramco Cements
Overview: Founded in 1957 by PAC Ramasamy Raja, Ramco Cements is headquartered in Chennai, Tamil Nadu, and has a production capacity of 21 MTPA.
Key Statistics:
- Market Share: ~3%
- Revenue (FY 2022-2023): ~₹6,000 crores
- Production Capacity: 21 MTPA
- Price Range: ₹340-₹390 per 50 kg bag
Products:
- Ordinary Portland Cement (OPC)
- Portland Pozzolana Cement (PPC)
- Sulphate Resisting Cement
- Ready-Mix Concrete (RMC)
Presence:
- 5 integrated plants
- 6 grinding units
- 1 packing terminal
Recent Developments:
- Proposed Rs. 1,403 crore capacity expansion, including Rs. 1,250 crore investment to double capacity at Kalavatala plant in Andhra Pradesh
- Setting up a 10 MW waste heat recovery system in Tamil Nadu
8. Birla Corporation
Overview: A flagship of the M.P. Birla Group, Birla Corporation operates 11 plants with a total capacity of 15.5 MTPA. It offers cement products for diverse construction needs.
Key Statistics:
- Market Share: ~3%
- Revenue (FY 2022-2023): ~₹6,500 crores
- Production Capacity: 15.5 MTPA
- Price Range: ₹330-₹380 per 50 kg bag
Products:
- MP Birla Cement Perfect Plus
- MP Birla Cement Samrat Advanced
Presence:
- Major plants in Madhya Pradesh, Rajasthan, Maharashtra
9. India Cements
Overview: Founded in 1946, India Cements operates eight plants and two grinding units with a total capacity of 15.5 MTPA.
Key Statistics:
- Market Share: ~2%
- Revenue (FY 2022-2023): ~₹5,000 crores
- Production Capacity: 15.5 MTPA
- Price Range: ₹340-₹390 per 50 kg bag
Products:
- Ordinary Portland Cement (OPC)
- Portland Pozzolana Cement (PPC)
Presence:
- Tamil Nadu
- Telangana
- Andhra Pradesh
- Rajasthan
10. Orient Cement
Overview: A CK Birla Group company, Orient Cement began production in 1982 and operates with an 8 MTPA capacity.
Key Statistics:
- Market Share: ~1.6%
- Revenue (FY 2022-2023): ~₹3,000 crores
- Production Capacity: 8 MTPA
- Price Range: ₹320-₹370 per 50 kg bag
Products:
- Ordinary Portland Cement (OPC)
- Portland Pozzolana Cement (PPC)
Presence:
- Adilabad District, Telangana
📊 Indian Cement Industry: Trends & Future Outlook
🏗️ 1. Capacity Expansion
- Cement companies are continuing with capacity additions, despite weak demand expected in H1 FY25.
- Anticipated volume growth: 6–7% in FY25.
💰 2. Pricing Pressure
- Increased competition led to average price decline of 1.5% in FY24.
- Margins are under pressure, particularly in price-sensitive regional markets.
🚄 3. Infrastructure Development
- Mega projects like the Mumbai–Ahmedabad Bullet Train Corridor are boosting cement demand.
- The corridor uses ~20,000 cubic meters of cement per day, equal to 8 ten-story buildings daily.
🌱 4. Sustainability Focus
- Indian cement firms are among the greenest globally.
- Key efforts include:
- Waste Heat Recovery Systems (WHRS)
- Alternative Fuels & Raw Materials (AFR)
- Carbon Emission Reductions
🤝 5. Industry Consolidation
- Mergers & acquisitions are accelerating.
- Large players are strengthening their positions through strategic takeovers and capacity expansion.
🏛️ 6. Government Support
- Union Budget 2025–26 allocates Rs. 2,87,333 crore (US$ 33.08 billion) to the Ministry of Road Transport & Highways.
- This is a 3% increase over the previous year, supporting long-term cement demand.
📌 Conclusion
- The Indian cement sector remains crucial for infrastructure and economic growth.
- UltraTech Cement retains market leadership, followed by Ambuja Cements, Shree Cement, and ACC Limited.
- These top firms are:
- Expanding production capacity
- Investing in sustainable practices
- Strengthening market dominance through consolidation
- Despite pricing pressure and competition, the outlook is positive.
- Projected demand: Cement consumption to reach 450.78 million tonnes by FY27.