CURRENT AFFAIRS

Detailed explanation-1: -Adani Group Becomes 2nd Largest Cement Manufacturer In The Country. Gautam Adani, Chairman, Adani Group explains the reasons for ACC & Ambuja Cements’ acquisition to be “historic".

Detailed explanation-2: -China produces the most cement globally by a large margin, at an estimated 2.5 billion metric tons in 2021. China’s cement production share equates to over half of the world’s cement. India was the world’s second-largest cement producer, with production amounting to a distant 330 million metric tons in 2021.

Detailed explanation-3: -Part of Aditya Birla Group, Ultratech Cement is the largest cement company in India and one of the largest cement manufacturers in the world. The Mumbai-based company produces grey cement, ready-mix concrete (RMC), and white cement.

Detailed explanation-4: -UltraTech Cement Ltd. is the largest manufacturer of grey cement, RMC, and white cement in India. It is also one of the leading cement producers globally.

Detailed explanation-5: -China-based China National Building Material Co Ltd is the major cement company in the world (by revenue).