+
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.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code