Nuvoco becomes 5th largest cement firm after Vadraj acquisition
Cement

Nuvoco becomes 5th largest cement firm after Vadraj acquisition

Nuvoco Vistas Corporation has become the fifth largest cement producer in India following the National Company Law Tribunal (NCLT) Mumbai Bench’s approval of its Rs 18 billion resolution plan to acquire Vadraj Cement (VCL). The acquisition will be carried out via Vanya Corporation, a wholly owned subsidiary of Nuvoco, which will later merge with VCL.

The Gujarat-based Vadraj Cement was acquired under the Insolvency and Bankruptcy Code process. Nuvoco had received a letter of intent in January 2025 and had previously called the acquisition a "valuable buy," citing a competitive cost of around $60 per tonne—lower than recent deals in the sector.

With this acquisition, Nuvoco’s cement capacity will rise to 31 million tonnes per annum (MTPA) and clinker capacity to 17 MTPA by Q3FY27. The deal significantly strengthens the company’s footprint in Western India, making it the third largest cement producer by capacity across Gujarat and Maharashtra.

Nuvoco, part of the Nirma Group, plans to invest an additional Rs 9–12 billion in Vadraj over the next 18–24 months to bolster operations and accelerate integration. Initially established as Lafarge India in 1999, the company was rebranded as Nuvoco Vistas after its acquisition by the Nirma Group in 2016.

Nuvoco Vistas Corporation has become the fifth largest cement producer in India following the National Company Law Tribunal (NCLT) Mumbai Bench’s approval of its Rs 18 billion resolution plan to acquire Vadraj Cement (VCL). The acquisition will be carried out via Vanya Corporation, a wholly owned subsidiary of Nuvoco, which will later merge with VCL. The Gujarat-based Vadraj Cement was acquired under the Insolvency and Bankruptcy Code process. Nuvoco had received a letter of intent in January 2025 and had previously called the acquisition a valuable buy, citing a competitive cost of around $60 per tonne—lower than recent deals in the sector. With this acquisition, Nuvoco’s cement capacity will rise to 31 million tonnes per annum (MTPA) and clinker capacity to 17 MTPA by Q3FY27. The deal significantly strengthens the company’s footprint in Western India, making it the third largest cement producer by capacity across Gujarat and Maharashtra. Nuvoco, part of the Nirma Group, plans to invest an additional Rs 9–12 billion in Vadraj over the next 18–24 months to bolster operations and accelerate integration. Initially established as Lafarge India in 1999, the company was rebranded as Nuvoco Vistas after its acquisition by the Nirma Group in 2016.

Next Story
Infrastructure Transport

MoRTH to Frame IRC Norms for New-Age Machines in Highway Work

The Ministry of Road Transport and Highways (MoRTH) has decided to formally adopt Automated and Intelligent Machine-aided Construction (AIMC) for highway projects, aiming to accelerate execution and ensure timely completion. In line with this, MoRTH announced that the Indian Roads Congress (IRC) will develop new guidelines based on feedback from contractors and concessionaires actively involved in these projects.So far, MoRTH has sanctioned at least 16 highway projects where innovative construction equipment will be deployed. Additionally, the ministry is awaiting Cabinet approval for 10 more ..

Next Story
Infrastructure Energy

SECI Extends Green Ammonia Bid Deadline to 30 June

The Solar Energy Corporation of India (SECI) has extended the bid deadline for its green ammonia tender to 30 June 2025. The tender was issued under the SIGHT Scheme - Mode 2A, Tranche I, to supply 7.24 lakh tonnes annually to 13 fertiliser plants.As the implementing agency under the National Green Hydrogen Mission, SECI will enter long-term offtake agreements with selected producers, providing 10-year commercial certainty to encourage market development for green hydrogen derivatives. ..

Next Story
Infrastructure Urban

India Launches First Maritime Sector NBFC

Union Minister Sarbananda Sonowal recently inaugurated Sagarmala Finance Corporation Limited (SMFCL), India’s first NBFC dedicated to the maritime sector. Formally registered with the RBI on 19 June 2025, SMFCL evolved from Sagarmala Development Company Limited.It will address financing gaps for ports, MSMEs, startups, and maritime institutions, supporting shipbuilding, renewable energy, cruise tourism, and education. The move aligns with India’s Maritime Amrit Kaal Vision 2047 and aims to catalyse innovation and sustainable logistics growth.Union Minister of State Shantanu Thakur emphasis..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?