New Delhi, Nov. 3 -- Competition is intensifying in India's cement industry, with the Adani Group's cement venture dialling up its capacity expansion target by just above 10%, a fortnight after larger rival UltraTech Cement Ltd raised its own target by a similar quantum.

Billionaire Gautam Adani, who entered the cement industry three years ago with the acquisition of Holcim AG's India business and became India's second-largest cement maker overnight, has further gone on to buy smaller cement makers such as Sanghi Industries, Penna Cement and Orient Cement.

The group, which can produce 107 million tonnes per annum (mtpa), on Monday said it will add another 15 mtpa by FY28 to reach 155 mtpa, doubling the business size since acquiring Ambu...