Nuvoco becomes 5th largest cement firm after Vadraj acquisition

07 Apr 2025 CW Team

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.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..