+
Nuvoco Vistas Fifth Largest Cement Player Post Buying Vadraj Cement
Cement

Nuvoco Vistas Fifth Largest Cement Player Post Buying Vadraj Cement

Nuvoco Vistas Corporation, a Nirma Group company, has secured approval from the National Company Law Tribunal (NCLT) to acquire Gujarat-based Vadraj Cement (VCL) for Rs 18 billion under the Insolvency and Bankruptcy Code. The acquisition will be executed through its wholly-owned subsidiary, Vanya Corporation, which will later be merged with VCL. 

This strategic move boosts Nuvoco's cement production capacity to 31 million tonnes per annum (MTPA) and clinker capacity to 17 MTPA by Q3FY27, making it the fifth-largest cement group in India. The acquisition significantly strengthens Nuvoco's presence in western India, elevating it to the third-largest cement player in Gujarat and Maharashtra by capacity. 

The company has described the acquisition as a value buy, noting a competitive cost of around $60 per tonne—well below recent industry benchmarks. Nuvoco also plans to invest an additional Rs 9–12 billion into Vadraj Cement over the next 18 to 24 months to scale operations and drive growth. 

(moneycontrol)       

Nuvoco Vistas Corporation, a Nirma Group company, has secured approval from the National Company Law Tribunal (NCLT) to acquire Gujarat-based Vadraj Cement (VCL) for Rs 18 billion under the Insolvency and Bankruptcy Code. The acquisition will be executed through its wholly-owned subsidiary, Vanya Corporation, which will later be merged with VCL. This strategic move boosts Nuvoco's cement production capacity to 31 million tonnes per annum (MTPA) and clinker capacity to 17 MTPA by Q3FY27, making it the fifth-largest cement group in India. The acquisition significantly strengthens Nuvoco's presence in western India, elevating it to the third-largest cement player in Gujarat and Maharashtra by capacity. The company has described the acquisition as a value buy, noting a competitive cost of around $60 per tonne—well below recent industry benchmarks. Nuvoco also plans to invest an additional Rs 9–12 billion into Vadraj Cement over the next 18 to 24 months to scale operations and drive growth. (moneycontrol)       

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code