Gautam Adani vs Kumar Mangalam Birla: In a major business development concerning the cement industry of India Ultratech Cement led by Kumar Mangalam Birla announced the acquisition of another cement company named Kesoram Industries. Notably Ultratech Cement is Indias largest cement company and with the acquisition of Kesoram Industries it is set to become bigger in its capacity. For those unversed the Adani Group led by Gautam Adani owns ACC cements which is seen as a major competitor to the Birla groups Ultratech. Here are all the details you need to know. Kumar Mangalam Birla vs Gautam Adani As per media reports the total value of Kesoram for this deal has been estimated at around Rs 7600 crore and after the deal UltraTechs cement production capacity will increase to 149 MTPA. On the other hand Adani Groups operational capacity is only 89 MTPA and their target is to reach 140 MTPA by 2028. Ultratech makes entry into wires and cables segment The Ultratech Cement also made its entry into the wires and cables segment in Gujarat. Ultratech has planned to invest a total of 1800 crore as part of plans to expand its expansion plan. Notably the new manufacturing plan will be set up Bharuch in Gujarat and is expected to be commissioned by December 2026 a statement by UltraTech Cement said. The board of the Aditya Birla Group firm on Tuesday approved the proposal to extend its footprint in the construction value chain through its Building Products Division. This is in accordance with the company’s strategy to strengthen its position as a comprehensive Building Solutions provider said UltraTech. Last year Aditya Birla Group entered into the decorative paints segment by launching the brand Birla Opus. The Company aims to meet the growing demand for wires and cables across various sectors including residential commercial infrastructure and industrial applications it said. Growth in wires and cables industry The wires and cables industry has witnessed a revenue CAGR of around 13 per cent between FY19 to FY24 and with the migration from the unorganised to the organized market the outlook continues to remain robust which provides an attractive opportunity for a new trusted player in the sector it said. The Company believes that this proposed entry in the sector is likely to be value accretive to its shareholders said Ultratech. Comment from Kumar Mangalam Birla Commenting on the development Aditya Birla Group Chairman Kumar Mangalam Birla said: We intend to expand our presence in the construction value chain through our foray in the cables and wires segment which aligns with our vision of providing comprehensive solutions to our end customers in the construction sector. (With inputs from agencies)