Nuvoco Vistas acquires Vadraj Cement
Nuvoco Vistas Corporation Limited (NVCL) has received approval from the National Company Law Tribunal (NCLT) for its ₹1,800 crore acquisition of Vadraj Cement Limited (VCL), the company announced. The NCLT Mumbai Bench placed its April 1 order on its website on April 3, giving the green light to the resolution plan.
The shares of Nuvoco Vistas Corporation Limited (NVCL) were trading at ₹317.95 down ₹1.10 or 0.34 per cent on the NSE today at 3.12 pm.
The acquisition will be executed through Vanya Corporation Private Limited, a wholly owned subsidiary of Nuvoco, which will subsequently merge with VCL. Following the merger, VCL will become a wholly owned subsidiary of Nuvoco Vistas.
The deal significantly expands Nuvoco’s production capacity by adding VCL’s 3.5 MMTPA clinker unit in Kutch and 6 MMTPA grinding unit in Surat, both in Gujarat. This acquisition will increase Nuvoco’s total cement production capacity to approximately 31 MMTPA, solidifying its position as India’s fifth-largest cement group.
Nuvoco plans to invest an additional ₹1,000-1,200 crore to restart VCL’s operations, which have been suspended for nearly seven years. The company expects to commence production at the acquired facilities by the third quarter of FY27, with investments phased over 15-18 months following the handover.
Jayakumar Krishnaswamy, Managing Director of Nuvoco Vistas, stated that the acquisition would “drive logistics optimization, streamline operations, and improve competitiveness,” while providing better market access and strengthening the company’s supply chain across key regions.
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Published on April 4, 2025
