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

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

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

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

Related Stories

Next Story
Real Estate

We engineer the way architecture gets built

DALBIR SINGH, Founder, HAACE, on the company’s bespoke approach to translating ambitious architecture into precisely engineered and executed structures.What does bespoke construction mean to HAACE, and how is it different from conventional contracting?For HAACE, bespoke construction means choosing the construction methodology around the design rather than forcing the design into a standard template. Every project is studied around its architectural intent, structural requirements and execution challenges. We deliberately take on a limited number of projects because this approach demands atte..

Next Story
Real Estate

Kamdhenu Realities acquires 4-acre Navi Mumbai land parcel

Kamdhenu Realities has acquired a 4-acre land parcel from RPG Life Sciences on Thane-Belapur Road for approximately Rs 1.5 billion, expanding its commercial real estate portfolio in Navi Mumbai.The parcel has a total developable potential of 1.8 million sq ft, on which Kamdhenu plans to develop a destination-scale commercial and lifestyle ecosystem. The proposed development will combine corporate office suites with high-street retail, F&B outlets, double-height lobbies, business infrastructure and lifestyle amenities.Located close to IKEA and opposite the upcoming Pawane Railway Station, t..

Next Story
Infrastructure Transport

97 Per Cent Of Rongjeng-Mangsang-Adokgre Road Nears Completion

Deputy Chief Minister in-charge of public works Prestone Tynsong said in Shillong on 26 August that 97 per cent physical progress had been achieved on the ongoing Rongjeng-Mangsang-Adokgre road being constructed under the Non-Lapsable Central Pool of Resources (NLCPR). He noted the project was sanctioned in 2017 and that the stipulated time for completion had been 24 months from issue of the final work order. The deputy chief minister informed the assembly that the government had decided to include the remaining work under a World Bank project. In reply to a query from Rongjeng MLA Jim M Sangm..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code