Nuvoco Vistas to pump in Rs 1,950 cr as part of expansion plans

14 Feb 2022 CW Team

On Thursday, Nuvoco Vistas Corporation, a cement maker announced an investment being a part of their expansion plans worth Rs 1,950 crore, including Rs 1,500 to set up a new project in Gulbarga, located in the state of Maharashtra.

In a statement the company said, this new facility to assist the expansion of the company in the Western and Central India markets.

In a statement, the company said that this new facility will help them in expanding their footprints in the markets in the Western as well as Central India.

Additionally, Nuvoco Vistas plans to invest Rs 400 crore in the debottlenecking and up-gradation of their existing plants as well as Rs 50 crore for setting up alternate fuel material handling facilities.

Their growth strategy includes expansion of their clinker capacity of 6,000 tonne per day at Gulbarga in Phase-I along with a higher capacity architecture. The project鈥檚 Phase-I capital expenditure (capex) is approximately Rs 1,500 crore.

The company said that the expansion project鈥檚 ground-breaking is set in FY23. They further added that they already have an operational limestone mine at the site.

Chairman Hiren Patel said their recent Budget re-emphasised the country鈥檚 growth story having a focus on infrastructure as a key enabler.

Projects such as Gati Shakti to provide the required power, efficiency, and speed to the mega infrastructure projects to be launched in India on the way to economic success.

Also read: Cement firms to pump Rs 1,700 cr for waste heat recovery system

Infrastructure Urban

23 May 2025

CRCL, IIT Delhi Sign MoU to Boost Science and Ease of Business

The Central Revenues Control Laboratory (CRCL), Central Board of Indirect Taxes and Customs (CBIC), Department of Revenue, Ministry of Finance, and the Indian Institute of Technology (IIT) Delhi signed a Memorandum of Understanding (MoU) toward trade facilitation and improving the ease of doing business. This MoU collaboration aims to foster R&D, innovation, and scientific excellence at CRCL, bolstering trade facilitation and regulatory efficiency.The MoU was signed by Prof. Rangan Banerjee, Director, IIT Delhi, and Shri V. Suresh, Director, CRCL, in presence of Shri Surjit Bhujabal, Speci..

Infrastructure Urban

23 May 2025

CAQM Sub-Committee Activates 27-Point Plan to Improve NCR Air Quality

The daily average AQI of Delhi has been hovering marginally above 200 threshold with forecast of slight improvement since last two days. Today, Delhi鈥檚 daily average Air Quality Index (AQI) clocked 213 (鈥楶oor鈥� category), as per the daily AQI Bulletin provided by the Central Pollution Control Board (CPCB), owing to variable winds. In wake of the average/ overall air quality of Delhi recording 鈥楶oor鈥� air quality category ranging between 201-300, the CAQM Sub-Committee on GRAP met today to take stock of the current air quality scenario of Delhi-NCR. While comprehensively reviewing the a..

Infrastructure Urban

23 May 2025

DoT Launches Financial Fraud Risk Indicator to Boost Cybersecurity

In a major step towards combating cyber fraud and financial crime, the Department of Telecommunications (DoT) has announced sharing of 鈥淔inancial Fraud Risk Indicator (FRI)鈥� with stakeholders- an output from a multi- dimensional analytical tool developed as part of the Digital Intelligence Platform (DIP) to empower financial institutions with advance actionable intelligence for cyber fraud prevention. This will enhance cyber protection and validation checks in case of mobile numbers flagged with this tool when digital payment is proposed to be made to such numbers.What is the 鈥淔inancial ..