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Government to take over stalled city redevelopment projects: Maharashtra CM

Dated on: Thursday 8th June 2023

According to insiders, Adani Cement, the parent company of Ambuja Cement and ACC, has withdrawn from the Cement Manufacturers' Association (CMA), an industry lobby group representing major cement players in the country. The decision was reportedly prompted by disagreements between the Adani Group company and the CMA on various matters, although specific details were not provided by the sources. Additionally, both Ambuja Cements and ACC had ceased sharing their production and sales data with the CMA several years ago and had not actively participated as members of the association. An analyst from a domestic brokerage, who preferred to remain anonymous, confirmed this information.

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