Nuvoco Vistas has been declared the successful resolution applicant for Vadraj Cement Limited (VCL), currently in the Corporate Insolvency Resolution Process. The transaction will increase Nuvoco’s cement capacity by over 20 per cent, reaching 31 mmtpa and positioning it as India’s fifth-largest cement group. Nuvoco will fund the deal without significant debt increase, with refurbishment investments planned over 15 months. The acquisition includes high-quality limestone reserves and a captive jetty, enhancing logistical and operational efficiency. Production is expected to begin by Q3 FY27.
Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas, said, “This deal is a pivotal moment in Nuvoco’s journey, consolidating our position as the fifth-largest player in the Indian cement industry and further strengthening our market dominance. It complements our existing operations perfectly, expanding our geographic reach and operational capabilities. This strategic investment will enhance our portfolio, diversify our offerings and enable us to deliver greater value and superior service to our customers in a competitive and dynamic business landscape.”