New capacities to help gain lost ground from CY22E onwards In the past five years, ACC has lost market share to other large players with no major new capacities coming in place in this period either via greenfield or M&A; route. While industry capacity grew at CAGR of 7%, the company managed to increase its capacity from 30.5 MT to 33 MT at 2% CAGR. As a result, ACC's production share declined from 14% in FY14 to 11% in FY20. To address this growth concern, the company is adding 6.2 MT new cement capacities with capex of ~| 3000 crore. This would be mainly funded...