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NCLT approves Nuvoco Vistas’ acquisition of Vadraj Cement for Rs.1,800 crores

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Nuvoco Vistas Corp has received the green light from the Mumbai Bench of the Hon’ble National Company Law Tribunal (NCLT) to acquire Vadraj Cement Ltd (VCL) under the Insolvency and Bankruptcy Code, 2016. The approved resolution plan involves an upfront cash outlay of Rs.1,800 crores, with the transaction poised to significantly enhance Nuvoco’s market footprint.
The acquisition will be executed via Vanya Corporation, a wholly owned subsidiary of Nuvoco. As part of the plan, Vanya will be amalgamated into VCL, post which VCL will become a wholly owned subsidiary of Nuvoco Vistas. Following the acquisition, Nuvoco’s total installed cement production capacity is expected to expand by over 20 per cent, reaching approximately 31 million metric tonnes per annum (MMTPA). This boost in capacity will solidify its position as the fifth-largest cement manufacturer in India.
Calling the deal a strategic ‘value buy,’ the company estimates the cost of capacity addition at around $60–$65 per tonne—among the most cost-efficient transactions in the sector in recent times. Notably, Nuvoco plans to fund the acquisition without substantially increasing its overall debt.
In addition to the acquisition cost, Nuvoco plans to invest another Rs.1,000– Rs.1,200 crores to revive and operationalise VCL’s assets, which have remained non-functional for nearly seven years. These investments will be phased over a 15–18 month period post-handover from the Committee of Creditors. The company aims to resume production by the third quarter of FY27.

Image source:https:www.news18.com

Concrete

Star Cement launches ‘Star Smart Building Solutions’

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Star Cement has launched ‘Star Smart Building Solutions,’ a new initiative aimed at promoting sustainable construction practices, as per a recent news report. This venture introduces a range of eco-friendly products, including tile adhesives, tile cleaners and grouts, designed to enhance durability and reduce environmental impact. The company plans to expand this portfolio with additional value-added products in the near future. By focusing on sustainable materials and innovative building solutions, Star Cement aims to contribute to environmentally responsible construction and meet the evolving needs of modern infrastructure development.

Image source:https://www.starcement.co.in/

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Concrete

Nuvoco Vistas reports record quarterly EBITDA

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Nuvoco Vistas reported its highest-ever quarterly consolidated EBITDA of Rs.556 crore in Q4 FY25, with annual EBITDA at Rs.1,391 crore. Cement sales reached 19.4 MMT in FY25, with Q4 contributing 5.7 MMT. Revenue rose 4 per cent YoY to Rs.3,042 crore in Q4. Net debt reduced by Rs.390 crore to Rs.3,640 crore. The company received NCLT approval for acquiring Vadraj Cement, targeting 31 MMTPA capacity by FY27. Key marketing initiatives, expanding RMX and MBM businesses, and a focus on sustainability (457 kg CO2/tonne) drove performance. Nuvoco remains focused on premiumisation, operational efficiency, and market expansion.

Image source:nuvoco.com

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Concrete

UltraTech Cement increases capacity by 1.4Mt/yr

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UltraTech Cement has expanded its production capacity by 1.4 million tonnes per annum (Mt/yr) through a combination of debottlenecking efforts and operational efficiency upgrades across several of its plants. The enhancements include an addition of 0.6Mt/yr in grinding capacity at the Nagpur facility in Maharashtra and a combined 0.8Mt/yr at the Panipat and Jhajjar units in Haryana. With these upgrades, the company’s total domestic grey cement capacity has risen to 184.8Mt/yr, while its global capacity now stands at 190.2Mt/yr.

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