Concrete

We are focusing on quality and innovation

Published

3 years ago

January 16, 2023

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Vinit Tiwari, Chief Sales Officer, Nuvoco Vistas Corp Ltd, discusses the factors of costs, competition and raw materials as well as cement prices within the relative context of overall market conditions.

Tell us about the increasing competition in the market with respect to your products?
Historically, the market has been competitive. Consolidation has resulted in an organised market, and processes will be streamlined as a result. We anticipate that competition will become more intense in the future as more companies enter the market with expanded capacity, but at Nuvoco, we are focusing on our key competencies: quality, innovation, and value for money. In view of our unique offerings, premium brands such as Concreto, Double Bull Master and Duraguard Microfiber expect to dominate the market and maintain their position.

Have you incorporated any change in your sales strategy to cut through the competition in the market?
At Nuvoco, we are advancing our core competency of offering premium products while maintaining our core values. As part of our efforts, we are strengthening our supply chain and digitising the purchasing process.
Our flagship brands, Concreto, Double Bull and Duraguard have performed exceptionally well in their respective markets. Over the past five years, Double Bull has become one of the fastest-growing cement brands in the country, with sales of more than 5 million tonnes. Duraguard offers a wide range of products that are technologically advanced and meet the needs of modern construction.
In FY 2021–22, the Modern Building Material (MBM) business sales and distribution network increased significantly, enhancing customer access to quality products and increasing sales revenue. Eventually, this will enable us to achieve our mission of becoming the leading manufacturer of building materials.

Tell us about new products being developed and how they are impacting your market share?
Nuvoco is committed to bringing new technologies to its product line through continuous research and development. Our recent additions are Duraguard Xtra F2F (premium composite cement), Concreto UNO (hydrophobic cement), Ecodure (green concrete) and Concreto Glyde (pile concrete) will help us to increase our market share.

Tell us about the challenges with in creased cement costs.
One of the primary concerns is that cement prices have not increased at a rate consistent with the increase in production and distribution costs. As we see it, this is an opportunity for the sector to analyse cost components by line item, from production to distribution. We are currently working on reducing our costs in order to remain competitive.

How do you view your sales in the next financial year in context to rising competition?
Competition has existed and will continue to exist. Continuing to build on our strengths, we strive to become the No. 1 premium selling company and the brand of choice. As far as growth is concerned, we have aggressive growth plans to become 25 MTPA by end of FY25 and further optimise our trade volumes.

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Nuvoco Vistas Reports Record Q2 EBITDA, Expands Capacity to 35 MTPA

Cement Major Nuvoco Posts Rs 3.71 bn EBITDA in Q2 FY26

Published

2 weeks ago

October 22, 2025

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Nuvoco Vistas Corp. Ltd., one of India’s leading building materials companies, has reported its highest-ever second-quarter consolidated EBITDA of Rs 3.71 billion for Q2 FY26, reflecting an 8% year-on-year revenue growth to Rs 24.58 billion. Cement sales volume stood at 4.3 MMT during the quarter, driven by robust demand and a rising share of premium products, which reached an all-time high of 44%.

The company continued its deleveraging journey, reducing like-to-like net debt by Rs 10.09 billion year-on-year to Rs 34.92 billion. Commenting on the performance, Jayakumar Krishnaswamy, Managing Director, said, “Despite macro headwinds, disciplined execution and focus on premiumisation helped us achieve record performance. We remain confident in our structural growth trajectory.”

Nuvoco’s capacity expansion plans remain on track, with refurbishment of the Vadraj Cement facility progressing towards operationalisation by Q3 FY27. In addition, the company’s 4 MTPA phased expansion in eastern India, expected between December 2025 and March 2027, will raise its total cement capacity to 35 MTPA by FY27.

Reinforcing its sustainability credentials, Nuvoco continues to lead the sector with one of the lowest carbon emission intensities at 453.8 kg CO? per tonne of cementitious material.

Concrete

Jindal Stainless to Invest $150 Mn in Odisha Metal Recovery Plant

New Jajpur facility to double metal recovery capacity and cut emissions

Published

2 weeks ago

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Jindal Stainless Limited has announced an investment of $150 million to build and operate a new wet milling plant in Jajpur, Odisha, aimed at doubling its capacity to recover metal from industrial waste. The project is being developed in partnership with Harsco Environmental under a 15-year agreement.

The facility will enable the recovery of valuable metals from slag and other waste materials, significantly improving resource efficiency and reducing environmental impact. The initiative aligns with Jindal Stainless’s sustainability roadmap, which focuses on circular economy practices and low-carbon operations.

In financial year 2025, the company reduced its carbon footprint by about 14 per cent through key decarbonisation initiatives, including commissioning India’s first green hydrogen plant for stainless steel production and setting up the country’s largest captive solar energy plant within a single industrial campus in Odisha.

Shares of Jindal Stainless rose 1.8 per cent to Rs 789.4 per share following the announcement, extending a 5 per cent gain over the past month.

Concrete

Vedanta gets CCI Approval for Rs 17,000 MnJaiprakash buyout

Acquisition marks Vedanta’s expansion into cement, real estate, and infra

Published

2 weeks ago

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Vedanta Limited has received approval from the Competition Commission of India (CCI) to acquire Jaiprakash Associates Limited (JAL) for approximately Rs 17,000 million under the Insolvency and Bankruptcy Code (IBC) process. The move marks Vedanta’s strategic expansion beyond its core mining and metals portfolio into cement, real estate, and infrastructure sectors.

Once the flagship of the Jaypee Group, JAL has faced severe financial distress with creditors’ claims exceeding Rs 59,000 million. Vedanta emerged as the preferred bidder in a competitive auction, outbidding the Adani Group with an overall offer of Rs 17,000 million, equivalent to Rs 12,505 million in net present value terms. The payment structure involves an upfront settlement of around Rs 3,800 million, followed by annual instalments of Rs 2,500–3,000 million over five years.

The National Asset Reconstruction Company Limited (NARCL), which acquired the group’s stressed loans from a State Bank of India-led consortium, now leads the creditor committee. Lenders are expected to take a haircut of around 71 per cent based on Vedanta’s offer. Despite approvals for other bidders, Vedanta’s proposal stood out as the most viable resolution plan, paving the way for the company’s diversification into new business verticals.