Cement industry is one of the most prominent sectors of Indian economy reflecting the growth and strength of the country. It is the second most fundamental and essential industry, only after iron and steel industry, making contribution, directly or indirectly in generating employment opportunities. The study investigates the progress of Indian cement industry based on two major cement companies: ACC Cement and Shree Cement on the parameters of efficiency which are return on capital employed, capacity utilization, production and sales etc. the study relies purely on secondary data which have been obtained for the period starting from 2014-15 to 2018-19, through various sources viz. Cement Manufactures Association (CMA), Department for Promotion of Industry and Internal Trade, MoCI, GoI, Annual reports etc. It was concluded that the industry is on a progressive path in terms of all the variables taken for the study and suggested to improve the area of exports.

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Keywords: Cement Industry, ACC Cement, Production, Efficiency, Performance, Shree Cement.