Cement News tagged under: Nuvoco Vistas Corporation Ltd

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Nuvoco Vistas MD supports Gati Shakti National Master plan

15 October 2021, Published under Cement News

Nuvoco Vistas Corp Ltd's Managing Director, Jayakumar Krishnaswamy, supports the Indian government’s announcement for a national infrastructure masterplan. Indian Prime Minister, Narenda Modi, has launched an INR100trn (US$1.33trn) national master plan for multi-modal connectivity that aims to develop infrastructure to reduce logistic costs and boost the economy. PM Gati Shakti, as the infrastructure programme is called, will target logistic costs, increase cargo handling capacity and reduc...

Nuvoco Vistas receives approval for its IPO

22 July 2021, Published under Cement News

Nuvoco Vistas Corp Ltd has received approval of capital markets regulator Sebi to launch its INR15bn (US$679.35m) initial public offering (IPO). The   Indian cement producer has a current cement capacity of 22.32Mta and operates 11 plants with units in Chhattisgarh, Jharkhand, West Bengal, Rajasthan and Haryana. Nuvoco Vistas, formerly Lafarge India Ltd, acquired Emami Cement in February 2020.

Nuvoco Vistas Corp launch CorroSafe

15 June 2021, Published under Cement News

Nuvoco Vistas Corp Ltd has launched Concreto CorroSafe, which is a corrosion-resistant concrete that extends the life of buildings. The advanced concrete mix design is reinforced with corrosion-resistant admixtures that act as inhibitors towards water seepage and rusting, protecting the lifespan of the structures, says Nuvoco Vistas. It is specially designed to increase the density and durability of the concrete mix.   Speaking on the product, Prashant Jha, who leads the Ready-Mix busine...

Nuvoco Vistas set to file papers for INR50bn IPO

07 May 2021, Published under Cement News

India’s Nuvoco Vistas Corp is shortly expected to file preliminary papers with the Securities and Exchange Board of India to raise INR50bn (US$679.35m) through an initial public offering. The sale would consist of INR15bn of new shares and an offer for sale of INR35bn by its promoters, according to the Economic Times. The proceeds are expected to be used for loan repayments and general corporate purposes.

Nuvoco Vistas Corp launch InstaMix Xpress in Bhutan

21 January 2021, Published under Cement News

Nuvoco Vistas Corp Ltd of India has released its InstaMix Xpress product in Bhutan. InstaMix Xpress is   a pre-mixed, ready-to-use, bagged, dry concrete supply. The premium-quality bagged concrete is easy to use and can be supplied anytime anywhere regardless of the desired quantity, claims Nuvoco Vistas Corp Ltd.    Nuvoco Vistas Ltd has supplied Instamix Xpress to Kolkata Telecom Support & Service for the casting of mobile phone tower foundations in Jaigaon, Bhutan. Altogether more th...

Nuvoco celebrates 'International Day of the Girl Child'

12 October 2020, Published under Cement News

Nuvoco Cement celebrated 'International Day Of Girl Child' on 11 October 2020. Nuvoco's commitment towards women empowerment and contribution to the life of adolescent girls was reaffirmed by Mr Joydeep Chatterjee, Nuvoco Vistas Corp’s Chief Projects & Corporate Affairs Officer. Mr Joydeep Chatterjee  said: "Guided by one of its core values, care, Nuvoco has worked at making a responsible and sustainable contribution to society. One such cause is offering girls and women the opportunit...

Nuvoco Vistas Corp sets water and energy consumption goals

05 June 2020, Published under Cement News

Jayakumar Krishnaswamy, managing director of Nuvoco Vistas Corp Ltd, announces new sustainability goals for the company on World Environment Day On the occasion of 'World Environment Day', Friday 5 June 2020, and considering Nuvoco's long term commitment to sustainability and environment care, Nuvoco Vistas Corporation Ltd reports that it has set a new goal in reducing its environmental footprint. Mr Jayakumar Krishnaswamy, managing director of Nuvoco Vistas Corp Ltd,...

CCI approves acquisition of Emami Cement

22 May 2020, Published under Cement News

The Competition Commission of India has approved the 100 per cent acquisition of the total issued and paid-up share capital of Emami Cement Ltd by Nuvoco Vistas Corp. Emami had entered into an agreement for the divestment of its 100 per cent equity stake in Emami Cement for an enterprise value of INR55bn (US$724.83m) in February. The acquisition will bring Nuvoco's total cement capacity in India to 23.5Mta, including an ongoing capacity expansion project in Jojobera, Jharkhand, and over ...

Nuvoco on a solid growth path

14 February 2020, Published under Cement News

A week ago, Emami Cement Ltd agreed the takeover by Nuvoco Vistas Corp (Nirma group) for its cement operations in India. The US$770.56m acquisition means that the Nirma group will add to its assets three grinding plants serving Orissa, Bihar and West Bengal, plus an integrated plant in Chhattisgarh, along with mining leases on 300Mt of limestone reserves with an expected lifespan of 60 years. Nirma beat rival bids from UltraTech, LafargeHolcim, and Star Cement for the Emami Cement assets. ...

Emami Group agrees to sell cement unit to Nuvoco Vistas

07 February 2020, Published under Cement News

India’s Emami Group has announced the sale of its 8.3Mta cement business to Nuvoco Vistas (Nirma Group), with the move valued at INR55bn (US$770.56m). "We are very proud of Emami Cement’s achievements in a short span of time and we strongly believe that in Nuvoco, we have found the right acquirer who will be able to develop the business further in the interest of all the stakeholders," said Manish Goenka, director of Emami Group. Emami Cement operates an integrated cement plant and three g...