Nuvoco Vistas Wins Bid to Buy Vadraj Cement in Insolvency Resolution

08 Jan 2025 CW Team

Nuvoco Vistas Corporation Ltd, the building materials arm of the Nirma Group, has been declared the successful resolution applicant (SRA) for Vadraj Cement Ltd (VCL) under the corporate insolvency resolution process (CIRP). The Committee of Creditors (CoC) approved Nuvoco's resolution plan, issuing a letter of intent (LOI) to confirm the selection. The acquisition will be executed through Vanya Corporation Private Ltd, a wholly-owned subsidiary of Nuvoco Vistas. The company plans to fund the transaction without significantly increasing its consolidated debt. A phased investment is planned over 15 months to refurbish assets and improve operations, with production expected to commence by Q3 FY27, subject to National Company Law Tribunal (NCLT) approval. The acquisition includes VCL's key assets: a 3.5 million tonnes per annum (MTPA) clinker unit in Kutch, Gujarat, and a 6 MTPA grinding unit in Surat, Gujarat. Additionally, VCL's high-quality limestone reserves ensure a sustainable supply of raw materials, while its captive jetty in Kutch enhances logistical efficiency. Post-acquisition, Nuvoco’s total cement production capacity will rise to 31 MTPA, solidifying its position as the fifth-largest cement producer in India. The deal is expected to create synergies with Nuvoco’s existing facilities in Nimbol and Chittorgarh, Rajasthan, optimising logistics, streamlining operations, and improving market access. This will enhance the company’s supply chain and competitiveness across key regions. Nuvoco’s Managing Director, Jayakumar Krishnaswamy, called the acquisition a transformative step. "This deal strengthens our position as a leading player in the Indian cement industry, expands our geographic reach, and enhances operational capabilities. It aligns perfectly with our strategy to deliver superior value and service in a competitive market," he stated. (cnbctv18)

Infrastructure Urban

09 Jan 2026

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..

Sources Unlimited Introduces Vitamine Pendant Lamp by Melogranoblu

Sources Unlimited has launched the Vitamine Pendant Lamp by Melogranoblu in India, expanding its portfolio of curated international luxury lighting solutions. Designed and crafted in Italy, the Vitamine pendant reflects contemporary glass artistry, combining hand-blown craftsmanship with refined aesthetics and atmospheric illumination.The Vitamine Pendant Lamp is sculpted in hand-blown glass and is available in frosted, silver and black metallised finishes. Each finish offers a distinct visual identity while maintaining a cohesive and sophisticated design language. The lamp’s softly contoure..