Shares of ITD Cementation surged by 20% following reports of the Adani Group considering buying a stake. If the deal goes through, it would mark another major acquisition for the Adani Group in the cement industry. Amid predictions of further consolidation in the cement sector, UltraTech has announced plans to keep India Cements listed after acquiring it. This news comes as Jindal Group announces an expansion in cement capacity to 7 million tons per annum. As the Indian cement industry continues its consolidation trend, reports of the Adani Group potentially buying a stake in ITD Cementation have caused the company's stocks to soar by 20%. This comes on the heels of UltraTech's plans to keep India Cements listed after a potential acquisition. Meanwhile, Jindal Group looks to expand its cement capacity to 7 million tons per annum.