Nuvoco Vistas to pump in Rs 1,950 cr as part of expansion plans

14 Feb 2022 CW Team

On Thursday, Nuvoco Vistas Corporation, a cement maker announced an investment being a part of their expansion plans worth Rs 1,950 crore, including Rs 1,500 to set up a new project in Gulbarga, located in the state of Maharashtra.

In a statement the company said, this new facility to assist the expansion of the company in the Western and Central India markets.

In a statement, the company said that this new facility will help them in expanding their footprints in the markets in the Western as well as Central India.

Additionally, Nuvoco Vistas plans to invest Rs 400 crore in the debottlenecking and up-gradation of their existing plants as well as Rs 50 crore for setting up alternate fuel material handling facilities.

Their growth strategy includes expansion of their clinker capacity of 6,000 tonne per day at Gulbarga in Phase-I along with a higher capacity architecture. The project’s Phase-I capital expenditure (capex) is approximately Rs 1,500 crore.

The company said that the expansion project’s ground-breaking is set in FY23. They further added that they already have an operational limestone mine at the site.

Chairman Hiren Patel said their recent Budget re-emphasised the country’s growth story having a focus on infrastructure as a key enabler.

Projects such as Gati Shakti to provide the required power, efficiency, and speed to the mega infrastructure projects to be launched in India on the way to economic success.

Image Source

Also read: Cement firms to pump Rs 1,700 cr for waste heat recovery system

Infrastructure Urban

03 Apr 2026

Centre Disburses Over Rs 24,610 mn in XV Finance Commission Grants

The Union Government has released XV Finance Commission tied grants during the financial year 2025–26 to rural local bodies in Chhattisgarh, Gujarat, Madhya Pradesh, Punjab and Sikkim and has released withheld portions of tied and untied grants to Himachal Pradesh, Odisha and Tripura. The total disbursal exceeded Rs 24,610 mn, with figures expressed in million (mn) thereafter. The releases cover allocations pertaining to different financial years and aim to strengthen rural local governance. State-wise disbursements included Rs 3,324.6 mn for Punjab, Rs 9,432.7 mn for Madhya Pradesh, Rs 3,47..

Centre Releases Over Rs 15 bn as XV FC Grants to Rural Bodies

The Union Government has released over Rs 15 bn in grants recommended by the Fifteenth Finance Commission (XV FC) to strengthen Panchayati Raj Institutions (PRIs) and Rural Local Bodies (RLBs) in six states. The funds comprise tied and untied grants disbursed in FY 2025–26. Telangana received Rs 2.48 bn as the first instalment of untied grants for FY 2025–26, benefitting 12600 Gram Panchayats (GPs). Uttarakhand received Rs 913.1 mn as the second instalment and an additional Rs 18.4 mn of a withheld first instalment was released to a further 216 GPs. Mizoram is included among beneficiary st..

Government Assures Fuel Supplies And Seafarer Safety Amid West Asia Developments

The Government of India has stepped up coordinated measures to maintain stability in critical sectors as developments in West Asia continue to unfold. It has prioritised uninterrupted energy supplies, safeguarded maritime operations and extended consular assistance to nationals. Central authorities are working with State and Union territory administrations to ensure timely information dissemination and operational continuity. Refineries are reported to be operating at high capacity with adequate inventories of petrol and diesel, and domestic LPG production has been increased to support consump..