# Emami Group sells cement business to Nuvoco Vistas for ₹5,500 crore

Emami Group agreed to sell its cement business, Emami Cement Ltd, to Nuvoco Vistas Corp. Ltd (a Nirma group company) for an enterprise value of ₹5,500 crore. The deal includes an integrated cement plant in Risdah, Chhattisgarh, and grinding units in Bihar, West Bengal, and Odisha, with total capacity of 8.3 mtpa.

- Type: Acquisition
- Announced: 2020-11-02
- Where: Risdah, Chhattisgarh; Bihar; West Bengal; Odisha, India
- Value: $740.0M (55.0B INR)
- Status: announced
- Capacity: 8.3 million tonnes per annum
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Emami Group](https://endata.com/companies/42058.md)
- [Emami Cement Limited](https://endata.com/companies/23045.md) (target)
- [Nuvoco Vistas Corporation](https://endata.com/companies/45070.md) (acquirer)

## Sources

- [indiancementreview.com](https://indiancementreview.com/2020/11/emami-to-sell-cement-business-to-nirma-group-arm-for-rs-5500-crore/), 2020-11-02: "Emami Group agreed to sell its cement business to Nuvoco Vistas Corp. Ltd, a Nirma group company, for an enterprise value of ₹5,500 crore."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.