Nuvoco Vistas to spend US$157m on power plants and waste heat recovery for cement plants

India: Nirma Group’s subsidiary Nuvoco Vistas plans to invest US$157m on captive power plants and waste heat recovery systems for three of its cement plants in Chhattisgarh, Jharkhand and Rajasthan. The cement producer plans to save around US$15m from the upgrades over the next two to three years, according to the Hindu newspaper. Nirma Group purchased three cement plants and two grinding plants from Lafarge India with a total production capacity of 11Mt/yr in 2016.