Post regulatory approval for the Holcim deal, Gautam Adani stands to become the second-largest cement maker in the country in one shot – with a combined pan India capacity of 66 million tonnes per annum (mtpa) in the highly competitive, fragmented and price-sensitive market.The Holcim deal, India’s largest-ever M&A transaction in the infrastructure and materials space, pits Adani in a race with Kumar Mangalam Birla, who owns UltraTech, India’s
