UltraTech Cement announced the acquisition of a 8.69% minority stake in India’s Star Cement from the promotors for Rs. 851 core. Meghalaya based Star Cement (Photo: Integrated Meghalaya plant) intends to increase its cement capacity to 12 Mta by FY 27 (we reported here 05.12.2024). With the deal, UltraTech is intensifying the competition with Adani Group entity Ambuja Cements for cement assets.