Economy & Market
The Indian Gypsum Scenario | What lies ahead?
Published
9 years agoon
By
admin
The gypsum demand-supply deficit in India will cumulatively widen to nearly 105 million tonnes from 2017-2031, creating a lucrative market for Omani gypsum, says Ramachandran, Director, Zawawi Gypsum LLC.
The Indian cement industry’s output is expected to touch 400 million tonnes (MT) by 2021, rising to over 600 MT by 2026 and nearly 870 MT by 2031.
In 2015-2016, the industry imported over 4 MT of gypsum, and the imported gypsum demand in India is expected to go over 10 million tonnes per annum (MTPA) by 2021, around 20 MTPA by 2026 and over 33 MTPA by 2031.
The industry’s cumulative imported gypsum demand will be 37 MT during 2017-2021, over 116 MT from 2017-2026 and over 254 MT (2017-2031), driven primarily by strong growth in the cement production segments.Local gypsum availability
Historically, India’s annual supply of cement-grade natural gypsum is only around 3 MT per year due to non-viability of mining of deep seated gypsum reserves in Rajasthan. By and large, the entire production of gypsum is from Rajasthan state (99 per cent), and the state has over 90 per cent of the country’s gypsum reserves.
Gypsum prices are regulated by the Rajasthan government and over 95 per cent of its deep-seated gypsum reserves are not economically viable for mining at current prices. Furthermore, the annual production quantities have started decreasing.
As per IBM, as on 1st April, 2010, Indian gypsum resources were estimated at 1,286 MT of which 39 MT have been placed under ‘mineable reserves’ and 1,247 MT under the ‘resources’ category, which are deep seated and not feasible for mining.
Annual production of phospho-gypsum in India is around 6 MT. Phospho-gypsum supplies will be constrained by issues revolving around rock phosphate availability for DAP (Diammonium Phosphate) production. Hence, phospho-gypsum supply to the cement industry will continue to be around 6-7 MTPA. Marine gypsum supply is of a very negligible quantity. Ergo, local gypsum supply will continue to be below 10 MTPA per year.Will Thailand Cash In?
Asia’s current dominant supplier Thailand is unlikely to capitalise on its gypsum resources due to local supply constraints anticipated in the future.
Thailand’s gypsum exports are controlled by the country’s Department of Primary Industries and Mines (DPIM) through non-issuance of new mining licences, and exports are strictly under a non-marketable quota system. As the part of strategies for maximising the economic and social benefit accrued to the country from the export of gypsum resources, DPIM is setting the gypsum FOB selling price. Presently the FOB price is $18.50 per tonne.
Gypsum exports from Thailand to India could drop to zero in coming years, and most of the existing Asian customers of Thai gypsum are actively scouting for gypsum supply from Oman.
India’s natural gypsum production has started decreasingNatural gypsum supply from Iran
Historically, Iran’s local construction industry consumes around 90 per cent of its total gypsum production (over 14 MTPA) and the balance quantity of around 10 per cent is exported mainly to the UAE, Qatar, Kuwait, and a few other Asian countries.
Local gypsum demand in Iran is expected to double in coming years along with major increase in the local selling price due to massive expansion of infrastructure and housing projects. Considering the increasing local demand, Tehran’s gypsum exports are expected to remain capped at around 10 per cent of total production.
In any event, 80 per cent of Iran’s natural gypsum resources and production is in the country’s Semnan province, situated in the central north of the country, over 1,200 km from the major port on the Gulf of Aden. This, as such, renders the gypsum uneconomical for export. The remaining 20 per cent of the resources and pro-duction is in the south of the country (around the Juyon area), and is partially available for export.
Furthermore, the construction industries in the UAE and Qatar will continue to expand, with investment in infrastructure, commercial, residential and energy projects continuing to drive growth. The FIFA World Cup 2022, World Expo 2020, housing and several infrastructure projects in the UAE and Qatar have started driving cement demand, which could lead to an increase in demand of imported gypsum.
In coming years, Iranian gypsum supply will be largely limited to the UAE, Qatar, and Kuwait and very limited quantities to the Indian west coast.
Gypsum exports from Oman have been growing at a phenomenal paceGypsum exports from Oman
Oman is on track to being crowned as the world’s largest exporter of natural gypsum by 2018 on the back of surging output that underscores the immense potential of the Sultanate’s mining sector to fuel the nation’s long-term economic development.
Exports are projected to surpass 8 MT per annum in 2018, up from 5.85 MT at the end of 2016 – a phenomenal increase that industry experts say will position the Sultanate as a global supplier of minerals in the coming years. Oman’s growing prominence as an exporter of gypsum – a basic raw material for cement and gypsum board manufacturing – comes against a backdrop of soaring demand from several Asian, African and Far Eastern nations. At the same time, major suppliers, notably Thailand, are drastically limiting exports to feed their own domestic industries.
Omani gypsum export volumes have jumped a phenomenal 20-fold over the past five years, from a mere 0.30 MT in 2010 to 5.85 MT last year. This increase has been driven primarily by galloping demand in India, Japan, Taiwan, Indonesia, Vietnam, and Bangladesh. For all the known reasons, Oman has emerged as the single most important source for high-grade natural gypsum for cement and gypsum board manufacturers across Asia and South and East Africa.
In a major development that bodes well for a strong uptick in Omani gypsum exports, top executives of the leading gypsum mining companies have unanimously endorsed new regulations issued by the Public Authority for Mining (PAM) prescribing a minimum FOB export price for gypsum.
The endorsement came at a meeting of company chief executives held earlier this year.
Also at the meeting, the attendees agreed to establish the ‘Oman Gypsum Association (OGA)’, a non-profit pan-industry grouping that advocates for, among other things, best practices in gypsum mining, community support initiatives, and minimum FOB pricing limits that consider
Asian demand and supply, and other measures aimed at supporting the growth of the domestic gypsum industry.
Alarmed by a downtrend in gypsum export prices, attributed to unhealthy undercutting by some players, PAM stepped in last month to fix a minimum export FOB price for raw gypsum at $12.50 per tonne with effect from December 2016.
Consequently, Omani gypsum exporters are barred from exporting raw gypsum below this designated price. Those found in breach of this regulation will be denied export permits, while repeat offenders are liable to have their mining licenses cancelled altogether.
Gypsum exports have the potential to drive GDP growth through enhanced non-oil exports.
During 2010-2013, Omani gypsum used to be traded at the FOB price of above $14.50 per tonne. However, despite the Sultanate’s obvious advantageous geographical position in exporting gypsum to Asian countries, Omani gypsum
was traded at far lower FOB prices during 2014 and beyond.
This peculiar situation was the result of price undercutting by Omani exporters due to lack of coordination between gypsum exporters, to the detriment of the export industry and the wider Omani economy in general.
Asian cement and gypsum board manufacturers, who are the main consumers of imported gypsum, have already started to face supply and pricing challenges – a trend that is likely to continue in the coming years. Identifying and ensuring a consistent supply of gypsum has become im-perative for cement and gypsum board producers.
After factoring in Omani gypsum supplies to the Asian market, there is still a supply deficit, which opens up opportunities for Turkey, Spain, Mexico, etc., all countries that can target the Indian market, but the landed cost of their exports will be far higher compared to Omani gypsum. The tightening demand-supply scenario will be reflected in an upward trend in Omani gypsum FOB prices, going forward. BASE LINE SCENARIO – INDIAN CEMENT PRODUCTION VS GYPSUM DEMAND & SUPPLY FROM 2017 – 2031 (QTY. IN MILLION TONS)
About the author
(The author is Director, Zawawi Gypsum LLC, a JV between ZML USG and Boral. He holds a degree in International Business Administration and has also undergone several professional training courses including Business Building, Corporate Finance and Strategy, Leadership Management and Relationship Management. Ramachandran established Zawawi Minerals LLC in 2009).Quick Bytes
- Local gypsum supply will continue to be below 10 MTPA;
- Asia’s current dominant supplier Thailand is unlikely to capitalise on its remaining gypsum resources due to local supply constraints anticipated in the future
- Supply from Iran will be restricted to the UAE, Qatar, Kuwait, Bahrain, and the west coast of India, among other regions;
- The Sultanate of Oman will become a significant supplier on the back of its rapidly growing gypsum industry.
Thus, even with an aggressive upside supply scenario from Oman, the gypsum demand-supply deficit in India will widen cumulatively to over 5 MT between 2017 to 2021, over 33 MT between 2017-2026, and nearly 105 MT between 2017-2031, crea-ting a lucrative market for Omani gypsum.
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The future of India’s roads took centrestage at RAHSTA Expo 2026, where policymakers, contractors and industry leaders came together under one roof. The event blended thought leadership, technology showcase and industry recognition into a single powerful platform.
India’s roads and highways community gathered in full strength at the Jio World Convention Centre, Mumbai, for the 16th edition of the RAHSTA Expo (Roads and Highways Sustainable Technologies & Advancement). Over two action-packed days, the event brought together policymakers, contractors, consultants, developers, equipment manufacturers, material suppliers, technology providers and investors to deliberate on the future of India’s ,infrastructure while showcasing the latest innovations driving the sector.
The event culminated in the prestigious RAHSTA Awards, where Shri. Ajay Tamta, Union Minister of State for Road Transport & Highways, felicitated organisations and professionals for their outstanding contributions to road construction, engineering, safety, sustainability and technology. With leading contractors, senior government officials, industry veterans and technology providers under one roof, the event reaffirmed RAHSTA’s position as one of India’s most influential platforms for the roads, highways, bridges and tunnels ecosystem.
Organised by FIRST Construction Council in association with ASAPP Info Global Group, RAHSTA has steadily evolved beyond an exhibition into a platform where policy, technology, engineering and business converge to address the opportunities and challenges shaping India’s next generation of transport infrastructure.
Beyond expansion, towards value
The conference opened with a thought-provoking address by Pratap Padode, Founder and Editor-in-Chief, Construction World, who observed that India’s highways sector has reached an important inflection point. Introducing this year’s theme – ‘From Expansion to Value: The Next Phase of India’s Highways’ – he noted that while the country has successfully expanded its road network over the past two decades, the industry’s priorities are now shifting towards building infrastructure that delivers greater lifecycle value, durability, safety and operational efficiency. With funding pressures, asset monetisation and evolving project models changing the sector’s dynamics, he said the focus must now move beyond kilometres constructed to the quality and long-term performance of every asset.
Dr Brijesh Dixit, Managing Director, Maharashtra State Infrastructure Development Corporation (MSIDC), reminded delegates that successful infrastructure delivery is ultimately a collective effort. Emphasising on collaboration between government, industry and engineering professionals, he remarked, “There is no loser in a winning team, and there is no winner in a losing team,” urging stakeholders to work together to deliver projects with quality, financial sustainability and technological excellence.
Delivering the keynote address, Bidur Kant Jha, Director, New Technologies for Highway Development, Ministry of Road Transport & Highways (MoRTH), outlined the Government’s long-term vision for India’s highway network. Highlighting the country’s 6.26 million km roads network, he spoke about the growing adoption of digital planning tools such as BIM and GIS, bridge health monitoring systems and Integrated Smart Transport Corridors under the Vision 2047 roadmap. He emphasised that while India remains open to global innovations, every new technology must be adapted to Indian conditions before large-scale deployment.
Addressing the gathering during the awards ceremony, Tamta underlined the increasing role of specialised equipment and modern construction technologies in executing complex infrastructure projects across diverse terrains. Referring to challenging tunnel projects in Uttarakhand, he noted how advanced machinery has transformed execution capabilities, while also acknowledging the rapid evolution of Indian contractors into globally competitive infrastructure companies. Recognising excellence through industry awards, he said, motivates organisations to continually raise performance standards and embrace innovation.
Meanwhile, Dr Sanjay Mukherjee, IAS, Metropolitan Commissioner, MMRDA, highlighted that infrastructure development must increasingly focus on integrated urban mobility. Reflecting on Mumbai’s engineering journey – from its historic underground utility network to the Coastal Road and other transformative projects – he underlined that future infrastructure planning must seamlessly integrate roads, metro systems and public transport to create efficient, multimodal cities.
Uttar Pradesh takes centrestage
One of the highlights of the second day was Uttar Pradesh’s comprehensive presentation on its infrastructure-led industrial transformation.
Srihari Pratap Shahi, IAS, Additional CEO, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), demonstrated how the state’s expanding expressway network is evolving into a catalyst for industrial development through integrated manufacturing and logistics clusters. Expressways, he noted, are no longer merely transport corridors but engines of economic competitiveness.
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Further underlining the significance of the platform, Deepak Kumar, IAS, Infrastructure & Industrial Development Commissioner, Government of Uttar Pradesh, remarked, “RAHSTA provides an excellent platform for states to showcase our infrastructure progress and investment ecosystem. Uttar Pradesh has transformed significantly over the past decade, backed by more than 34 investor-friendly industrial policies, and platforms like RAHSTA help communicate these developments to industry stakeholders from across the country.”
Ideas that shaped the industry conversation
The two-day conference featured seven panel discussions, each examining a critical dimension of India’s evolving roads and highways sector.
The opening discussion on ‘Financing Roads & Highways in a Capital-Constrained Era’ brought together experts from Cube Highways, NIIF, SBI Capital Markets, Centrum Capital and Bandhan Infra Fund, who examined how the financing landscape is changing. Discussions revolved around asset monetisation, InvITs, institutional investments and new funding structures, with panellists agreeing that better project preparation, transparent governance and predictable returns will be crucial for attracting long-term capital into infrastructure.
Attention then shifted to execution realities during the panel on ‘Contractors’ Perspective: Execution Realities, Risks & the Quality Imperative.’ Representatives from GHV Infra Projects, PNC Infratech, NCC and Maccaferri candidly discussed the challenges of delivering projects amid contractual complexities, land acquisition delays, rising costs and tight timelines. While execution pressures remain significant, the discussion reinforced that better collaboration across the project value chain is essential for achieving both speed and quality.
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The subsequent session on ‘Bridges & Tunnels: Complex Engineering, Safety & Future Readiness’ highlighted the growing complexity of India’s infrastructure projects. Panellists discussed advances in structural engineering, digital monitoring, risk management and safety practices that are enabling the successful delivery of increasingly ambitious bridge and tunnel projects across the country.
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Technology and recognition under one roof
Beyond the conference halls, RAHSTA Expo reflected the technological transformation underway across India’s road infrastructure ecosystem. Leading equipment manufacturers, technology companies and material suppliers showcased advanced construction equipment, intelligent digital platforms, pavement technologies, structural materials and productivity-enhancing solutions designed to improve project efficiency and asset performance. The exhibition created valuable opportunities for contractors, consultants, government agencies and project developers to evaluate new technologies while interacting directly with solution providers.
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Economy & Market
Fornnax Names Lukas Baur as Authorised Service Partner to Bolster EU Operations
Published
3 weeks agoon
July 23, 2026By
admin
Strapline: Fornnax Technology has appointed NOBA Maschinenservice’s Lukas Baur as its authorised service partner for the European Union, strengthening its commitment to delivering fast, reliable, and localised after-sales support across the region.
Fornnax Technology, a leading manufacturer of industrial shredding solutions, has announced the appointment of Mr. Lukas Baur of NOBA Maschinenservice as its authorised service partner for the European Union. The partnership, formalised under the authorisation of Fornnax CEO Mr. Jignesh Kundaria, reinforces the company’s commitment to providing dependable, localised service support to its expanding customer base across Europe.
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With over two decades of experience in servicing, maintaining, and overhauling industrial shredders, Mr. Baur brings extensive technical expertise to the partnership. His capabilities span welding, hardfacing, shaft and knife rebuilding, complex assembly, hydraulics, and complete electrical engineering services, delivered in collaboration with a trusted partner company based in Halle/Saale.
Operating from Worbis, Germany, Mr. Baur is strategically positioned to provide emergency support across the European Union within 24 hours, covering an operational radius of approximately 1,000 kilometres.
Supporting this capability is a well-equipped service infrastructure comprising 12 Mercedes Sprinter service vans, a team of 24 skilled technicians, specialised bearing-change tools, a fully equipped hydraulic workshop, and a 1,000-square-metre facility with a five-ton crane track. Together, these resources position his team to manage the complete spectrum of Fornnax’s European service requirements efficiently and reliably.
Partnership Driven by Industry Insight
Having spent years servicing Eldan, Lindner, and Vecoplan shredders across the European recycling industry, Mr. Baur’s decision to collaborate with Fornnax is rooted in his understanding of market needs and customer expectations. His experience has provided valuable insight into what recycling plant operators require—not only from their machinery but also from the service teams supporting them.
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The collaboration comes at a time when Europe’s tyre recycling industry is facing mounting challenges, including rising cost pressures, shrinking margins, delayed investments, and a shortage of skilled labour. Mr. Baur believes these conditions reinforce the need for technically strong service partners capable of delivering rapid, dependable support.
Commenting on the partnership, he said, “Fornnax, with its exceptional price-performance ratio and superior quality, has the potential to become a market leader in Europe. We would like to be their service partner in this journey.”
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As Fornnax’s authorised service partner, Mr. Baur will oversee the complete lifecycle support of the company’s equipment throughout the European Union. His responsibilities will include installation, commissioning, preventive maintenance, emergency repairs, and spare parts support across mechanical, hydraulic, and electrical systems.
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Highlighting the strategic importance of the partnership, Mr. Jignesh Kundaria, Director and CEO of Fornnax, said:
“We strongly believe that by continuously improving our service quality and customer satisfaction index, we can build long-term relationships with our customers. Higher customer satisfaction leads to greater trust, which significantly increases repeat orders and ultimately drives sustained growth in our sales revenue.”
This customer-first philosophy underpins Fornnax’s strategy of building a dedicated European service partner network instead of relying solely on remote support. With Mr. Baur joining this network, customers across the European Union will benefit from faster response times, expert technical assistance, and dedicated on-ground support from a partner with extensive experience in high-throughput shredding operations.
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Concrete
Nuvoco Vistas launches Limla cement plant, expands Gujarat footprint
Published
4 weeks agoon
July 13, 2026By
admin
Nuvoco Vistas opens a 2 MMTPA grinding unit at Limla, entering Gujarat and advancing its target of 35 MMTPA capacity by FY 2028.
Surat (Gujarat)
Nuvoco Vistas Corporation Ltd, a part of Nirma Group and one of India’s leading building materials company, has inaugurated the Limla Cement Plant in Surat (Gujarat), one of Vadraj Cement Limited’s (VCL) principal manufacturing facilities. The commissioning represents a key milestone in Nuvoco’s acquisition and restoration of VCL, while supporting the company’s expansion across the Western Indian cement market.
Vadraj Cement Limited is a subsidiary of Nuvoco Vistas Corporation Limited and has installed cement capacity of 6 MMTPA across its assets. The Limla inauguration therefore represents the first operational step in the acquired platform’s wider revival, while the Kutch facilities provide clinker supply, mineral security and coastal logistics support for the western business.
Nuvoco completed its acquisition of Vadraj Cement Limited, then under the Corporate Insolvency Resolution Process, after paying a consideration of Rs 1,800 crore in June 2025. VCL’s asset portfolio comprises a clinker unit at Kutch and a grinding unit at Limla in Surat. It also includes high-quality captive limestone reserves and a captive jetty at Kutch, supporting more efficient logistics. Following the takeover, Nuvoco began an extensive programme of restoration, refurbishment and expansion at both locations, leading to the commissioning of the Limla plant.
The Limla Cement Plant is expected to support a phased increase in sales volumes across Gujarat. It will also help Nuvoco supply neighbouring markets in Western Maharashtra and release cement capacity from its northern plants, which can consequently be redirected towards markets in North India. The plant will manufacture a full portfolio comprising Ordinary Portland Cement, Portland Slag Cement, Portland Pozzolana Cement and Portland Composite Cement. It will additionally produce the complete Nuvoco Duraguard range, including the premium Nuvoco Duraguard Microfibre product. The acquisition is also expected to generate operational synergies with Nuvoco’s existing plants at Nimbol and Chittorgarh in Rajasthan, improving logistics optimisation and market reach across important regional markets.
The grinding unit at the Limla Cement Plant was completed ahead of schedule, with 2 MMTPA of capacity now inaugurated to expand Nuvoco’s operating scale and customer reach. After Vadraj Cement’s assets become fully operational, plants in North and West India are expected to account for nearly 40 per cent of Nuvoco’s total cement capacity. This will broaden the company’s manufacturing network, strengthen access to high-growth markets and support its plan to increase consolidated cement capacity to 35 MMTPA by FY 2028, reinforcing its longer-term growth strategy.
Commenting on the development, Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp Ltd, said: “The inauguration of the Limla Grinding Unit in Surat is an important milestone in Nuvoco’s growth journey and demonstrates our commitment to disciplined, value-accretive expansion. Gujarat is strategically significant for Nuvoco, with substantial opportunities arising from infrastructure investment, industrial growth, rapid urbanisation and continuing demand from the housing and construction sectors. The facility strengthens our regional footprint, improves operational flexibility and increases our ability to serve customers across northern and western markets with greater reliability and efficiency.”
He added: “Through the Vadraj acquisition, we have refurbished and restarted a strategically important asset, returning it to operations in record time through strong execution and collaboration between teams. The achievement demonstrates our ability to create value from acquired assets, fulfil our commitments and retain the confidence of stakeholders. It also highlights the strength of our project delivery capabilities and our continued focus on building sustainable, profitable growth over the long term.”
Nuvoco Vistas Corporation Limited is a building materials company whose vision is to build a safer, smarter and more sustainable world. It is among the leading players in East India and has a significant presence across North and West India. Nuvoco began operations in 2014 with a greenfield cement plant at Nimbol, Rajasthan. It later acquired Lafarge India Limited, which had entered India in 1999, followed by Emami Cement Limited in 2020 and Vadraj Cement Limited in April 2025. The company has also announced an expansion in eastern India through a new grinding mill at the Arasmeta Cement Plant, supported by several debottlenecking programmes involving equipment upgrades, process improvements and internal capacity initiatives. These developments place Nuvoco on track to achieve total cement capacity of approximately 35 MMTPA. The company reported total income of Rs 11,362 crore in FY 2025-26, reflecting its continuing growth trajectory.
Nuvoco operates a diversified portfolio across three segments: Cement, Ready-Mix Concrete and Modern Building Materials. Its cement portfolio includes Concreto, Duraguard, Double Bull, PSC, Nirmax and Infracem, covering Ordinary Portland Cement, Portland Slag Cement, Portland Pozzolana Cement and Portland Composite Cement. Its pan-India RMX business provides value-added products under Concreto for performance concrete, Artiste for decorative concrete, InstaMix for ready-to-use bagged concrete, X-Con covering M20 to M60 grades, and Ecodure for specialised green concrete. Nuvoco has supplied materials to projects including the Mumbai-Ahmedabad Bullet Train, Birsa Munda Hockey Stadium in Rourkela, Aquatic Gallery at Science City in Ahmedabad, and metro railway projects in Delhi, Jaipur, Noida and Mumbai.
The Road Ahead Begins Here
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Lokesh Lays Stone For Rs 31 Billion Cement Unit In Kadapa
The Road Ahead Begins Here
Cement Makers’ Margins To Fall Rs 50-75 Per Tonne Amid West Asia Conflict
UltraTech Board Approves Rs 50 bn Fundraise Via NCDs
Fornnax Names Lukas Baur as Authorised Service Partner to Bolster EU Operations

