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News Nuvoco Vistas receives approval to acquire Vadraj Cement

Nuvoco Vistas receives approval to acquire Vadraj Cement

Written by Global Cement staff 08 April 2025
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India: The Mumbai bench of the National Company Law Tribunal has approved Nuvoco Vistas’ US$209m acquisition of Vadraj Cement. The deal will raise Nuvoco’s installed capacity by over 20% to around 31Mt/yr. It will be executed through wholly-owned subsidiary Vanya Corporation, which will be merged with Vadraj Cement as part of the deal.

Nuvoco Vistas will invest a further US$139m over 15 to 18 months to revive Vadraj Cement’s operations, which have reportedly been stalled for ‘nearly seven years’, and begin production by the end of 2026. Vadraj Cement’s assets include a 3.5Mt/yr clinker unit in Kutch and a 6Mt/yr grinding unit in Surat, Gujarat.

Last modified on 09 April 2025
Published in Global Cement News
Tagged under
  • India
  • Nuvoco Vistas
  • Vadraj Cement
  • Acquisition
  • National Company Law Tribunal
  • approval
  • Capacity
  • Investment
  • Asia
  • GCW704
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