
Expansion11 Jul 2026, 01:30 pm
Nuvoco Vistas subsidiary inaugurates 2 MMTPA cement capacity in Surat
AI Summary
Nuvoco Vistas Corporation Ltd. announced that its wholly owned subsidiary, Vadraj Cement Limited (VCL), has inaugurated 2 MMTPA of cement grinding capacity at its Limla Cement Plant in Surat, Gujarat. This expansion marks Nuvoco's entry into Gujarat and strengthens its presence in Western India. The refurbishment cost for this capacity addition was approximately ₹240 crores, financed through Inter-Corporate Deposits from the parent company. This move is expected to provide access to high-growth markets in Gujarat and Maharashtra, while also freeing up capacity from Rajasthan plants for North Indian markets. The company aims to reach a consolidated cement capacity of 35 MMTPA by FY 2027-28.
Key Highlights
- Nuvoco Vistas subsidiary inaugurates 2 MMTPA grinding capacity in Surat, Gujarat.
- Expansion strengthens presence in Western India and marks entry into Gujarat.
- Investment of ~₹240 crores for refurbishment, financed via ICDs.
- Consolidated cement capacity targeted to reach 35 MMTPA by FY 2027-28.
- Enhances market access in Gujarat and Maharashtra, optimizes Rajasthan capacity.
Price Impact
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