UltraTech tops market cap list as India's cement sector ranking changes

UltraTech Cement leads India's cement sector based on market value, with billionaire Kumar Mangalam Birla's company holding the top position at over 3.2 lakh crore rupees. Aditya Birla Group company Grasim Industries stands second with a market cap of 197,542.51 crore rupees, while Gautam Adani's Ambuja Cements holds the third spot at 89,940.42 crore rupees.

Market Rankings

Shree Cement, controlled by the Bangur family, takes fourth place with a market cap of 81,021.02 crore rupees. JK Cement follows in fifth place valued at 38,027.13 crore rupees. Dalmia Cement ranks sixth with a market cap of 31,561.27 crore rupees, placing it ahead of Adani's ACC Cement, which ranks seventh with a market cap of 22,284.30 crore rupees. Meanwhile, Jaypee Associates lost its entire cement business after going bankrupt and seeing its plants sold off to the Adani Group and subsequently acquired by Dalmia Cement.

Production Capacities

UltraTech Cement has a domestic production capacity of 204.70 million tonnes per year, reaching 205.5 million tonnes globally. Dalmia Cement holds a production capacity of 49.5 million tonnes per year, which will rise to 54.7 million tonnes after completing the acquisition of Jaypee properties. ACC Limited maintains a larger production volume than Dalmia, exceeding 100 million tonnes per year at approximately 100.3 million tonnes.

Context

Cement company rankings shift constantly based on market capitalisation, production capacity, and major business takeovers. Financial markets track these valuations closely to gauge industrial growth and corporate strength across India.