Nuvoco Vistas Acquisition of Vadraj Cement Gets Green Light
05 May 2025
3 Min Read
CW Team
Nuvoco Vistas Acquisition of Vadraj Cement Gets Green Light
The Mumbai bench of the National Company Law Tribunal has approved Nuvoco Vistas鈥� acquisition of Vadraj Cement through India鈥檚 bankruptcy process. Vadraj Cement, formerly owned by ABG Shipyard, had liabilities totalling $1.1bn. Nuvoco Vistas, part of the Nirma Group, will pay US$209m for the Gujarat-based company, which includes grinding units in Surat and a clinker plant in Kutch. This acquisition boosts Nuvoco鈥檚 total cement capacity to approximately 31Mt/yr, positioning it as India鈥檚 fifth-largest cement producer. Nuvoco secured the deal through a competitive auction, surpassing bids from JK Cement, JSW Cement, KIFS, RKG Fund and Orissa Metaliks.
Contact: Nuvoco Vistas
Website: https://nuvoco.com/
Tel: 91 (0) 22 4080 7000
India鈥檚 Cement Demand to Grow 7.5 per cent in FY 2025鈥�26: CRISIL
India鈥檚 cement demand is projected to rise by 6.5鈥�7.5 per cent in FY 2025鈥�26, buoyed by a 10 per cent increase in infrastructure allocations and expectations of a strong monsoon, according to a CRISIL report. In FY 2025, growth was limited to 4.5鈥�5.5 per cent due to election-related delays and a high base effect. Infrastructure鈥攍ed by roads, railways, and irrigation鈥攔emains the biggest demand driver, contributing up to 31 per cent of consumption. Rural housing, expected to account for 32鈥�34 per cent will benefit from increased agricultural income and schemes like PMGSY and MNREGA. Urban housing is also set to recover, aided by interest rate cuts and a 45 per cent budget hike for PMAY鈥揢rban.
Contact: CRISIL
Website: https://www.crisil.com/
Tel: 91 22 6137 3000
UltraTech Cement Boosts Capacity with Major Expansions
UltraTech Cement has significantly expanded its capacity by commissioning a 3.35Mt/yr brownfield clinker line and the first of two 2.7Mt/yr cement mills at its Maihar unit in Madhya Pradesh. The second mill is slated for commissioning in Q1 of FY 2026. The company also completed brownfield expansions at its Dhule unit in Maharashtra (1.2Mt/yr) and Durgapur unit in West Bengal (0.6Mt/yr), and launched its first bulk terminal in Lucknow, Uttar Pradesh, with a 1.8Mt/yr handling capacity. With these additions, UltraTech鈥檚 total domestic grey cement capacity rises to 183.36Mt/yr, and global capacity reaches 188.76Mt/yr.
Contact: UltraTech Cement
Website: https://www.ultratechcement.com/
Tel: 1800 210 3311
Dalmia Cement Increases Capacity at Rohtas Plant in Bihar
Dalmia Cement (Bharat), a subsidiary of Dalmia Bharat, has begun commercial production at its upgraded grinding unit at Rohtas Cement Works in Bihar. The expansion adds 0.5Mt/yr, taking the unit鈥檚 capacity to 1.6Mt/yr. This enhancement brings the group鈥檚 total cement production capacity to 49.5Mt/yr. The move strengthens Dalmia鈥檚 footprint in eastern India and supports its growth strategy in the region鈥檚 high-demand markets.
Contact: Dalmia Cement
Website: https://www.dalmiacement.com/
Tel: 91 11 23465100
Nuvoco Vistas Acquisition of Vadraj Cement Gets Green LightThe Mumbai bench of the National Company Law Tribunal has approved Nuvoco Vistas鈥� acquisition of Vadraj Cement through India鈥檚 bankruptcy process. Vadraj Cement, formerly owned by ABG Shipyard, had liabilities totalling $1.1bn. Nuvoco Vistas, part of the Nirma Group, will pay US$209m for the Gujarat-based company, which includes grinding units in Surat and a clinker plant in Kutch. This acquisition boosts Nuvoco鈥檚 total cement capacity to approximately 31Mt/yr, positioning it as India鈥檚 fifth-largest cement producer. Nuvoco secured the deal through a competitive auction, surpassing bids from JK Cement, JSW Cement, KIFS, RKG Fund and Orissa Metaliks.Contact: Nuvoco VistasWebsite: https://nuvoco.com/Mail: [email protected]: 91 (0) 22 4080 7000India鈥檚 Cement Demand to Grow 7.5 per cent in FY 2025鈥�26: CRISILIndia鈥檚 cement demand is projected to rise by 6.5鈥�7.5 per cent in FY 2025鈥�26, buoyed by a 10 per cent increase in infrastructure allocations and expectations of a strong monsoon, according to a CRISIL report. In FY 2025, growth was limited to 4.5鈥�5.5 per cent due to election-related delays and a high base effect. Infrastructure鈥攍ed by roads, railways, and irrigation鈥攔emains the biggest demand driver, contributing up to 31 per cent of consumption. Rural housing, expected to account for 32鈥�34 per cent will benefit from increased agricultural income and schemes like PMGSY and MNREGA. Urban housing is also set to recover, aided by interest rate cuts and a 45 per cent budget hike for PMAY鈥揢rban.Contact: CRISILWebsite: https://www.crisil.com/Tel: 91 22 6137 3000UltraTech Cement Boosts Capacity with Major ExpansionsUltraTech Cement has significantly expanded its capacity by commissioning a 3.35Mt/yr brownfield clinker line and the first of two 2.7Mt/yr cement mills at its Maihar unit in Madhya Pradesh. The second mill is slated for commissioning in Q1 of FY 2026. The company also completed brownfield expansions at its Dhule unit in Maharashtra (1.2Mt/yr) and Durgapur unit in West Bengal (0.6Mt/yr), and launched its first bulk terminal in Lucknow, Uttar Pradesh, with a 1.8Mt/yr handling capacity. With these additions, UltraTech鈥檚 total domestic grey cement capacity rises to 183.36Mt/yr, and global capacity reaches 188.76Mt/yr.Contact: UltraTech CementWebsite: https://www.ultratechcement.com/Tel: 1800 210 3311Dalmia Cement Increases Capacity at Rohtas Plant in BiharDalmia Cement (Bharat), a subsidiary of Dalmia Bharat, has begun commercial production at its upgraded grinding unit at Rohtas Cement Works in Bihar. The expansion adds 0.5Mt/yr, taking the unit鈥檚 capacity to 1.6Mt/yr. This enhancement brings the group鈥檚 total cement production capacity to 49.5Mt/yr. The move strengthens Dalmia鈥檚 footprint in eastern India and supports its growth strategy in the region鈥檚 high-demand markets.Contact: Dalmia CementWebsite: https://www.dalmiacement.com/Mail: [email protected]: 91 11 23465100
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