Adani Cement delays expansion plans amid industry headwinds. The company, India's second largest cement producer, has pushed back its FY28 capacity target to FY30, revising ambitions from 155 million tonnes to a more measured approach. CEO Vinod Bahety stated the focus will shift to maximizing output from existing 109 million tonne capacity rather than aggressive new additions. Capital expenditure has been reduced from Rs 7,500 crore to Rs 6,000-6,500 crore for the current fiscal. Current capacity utilization stands at 70-75%, below the 80% threshold typically required to justify new expansions. This strategic pullback comes as competitor UltraTech Cement targets 240 million tonnes by FY28, intensifying market competition. The decision reflects broader industry caution regarding demand outlook and economic conditions affecting cement consumption linked to real GDP growth.
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