New leadership for India Cements, UltraTech appoints new CEO & CFO for new subsidiary

India Cements Ltd announces new leadership with appointments of Suresh Vasant Patil as CEO and Krishnagopal Ladsaria as CFO. Following UltraTech's increased shareholding to 55.49%, former management, including N Srinivasan, steps down. This move signals consolidation and rivalry in the Indian cement industry between Aditya Birla Group and Adani Group.