Star Cement Limited (BSE:540575) is looking for acquisitions in South India. In order to expand its footprint, Star Cement will go for acquisitions in South India if the company finds opportunities at the right valuation. This is because valuation of cement assets could be lower in this region, compared to the other parts of the country.

With the highest number of regional players and installed cement capacity, the south region is a highly competitive market for the country's cement industry. ?We have to find a target [for acquisition], which is suitable to our appetite. We are open to all the areas.

Obviously, the southern market is a more glut market. So, if we find any opportunity there at a right valuation, only then will we go for it," Star Cement Chief Executive Officer Vinit Kumar Tiwari, told business line. ?The next set of consolidation in the industry should be in the southern market because this market is quite fragmented and players are operating at a very low capacity utilisation," said Tiwari.