The expansion is spurred by the government's massive infrastructure push, with plans to invest USD 1.7 trillion in infrastructure projects by 2030
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ICRA forecasts green power to make up 40-42 per cent of the total power mix by March 2025, up from about 35 per cent in March 2023, for the cement companies in its sample set
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The market shares of the top five cement companies increased to 54 per cent as of December 2023 from 45 per cent as of March 2015 and is expected to further grow to 55 per cent as of March 2025
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