Apr 1, 2025ACQUISITIONGujarat, India, India Nuvoco Vistas receives NCLT approval to acquire Vadraj Cement for Rs 1,800 crore
Nuvoco Vistas Corporation received NCLT approval for its resolution plan to acquire Vadraj Cement under insolvency for Rs 1,800 crore. The acquisition will be executed through subsidiary Vanya Corporation and will make Nuvoco India's fifth largest cement group with a combined capacity of ~31 MMTPA by Q3FY27.
Capacity
31 million tonnes per annum cement capacity
Productscementclinker
“By acquiring Vadraj Cement, the Company is poised to reach 31 million tonnes per annum cement capacity by Q3FY27.”moneycontrol.com
- 4 sources
- moneycontrol.comNuvoco Vistas becomes fifth largest cement player after NCLT nod to acquire Vadraj Cement for Rs 1,800 croreMoneycontrol NewsApr 4, 2025
- cemnet.comNuvoco Vistas receives approval for Vadraj Cement acquisitionICR NewsroomApr 4, 2025
- thehindubusinessline.comNuvoco Vistas acquires Vadraj Cement for ₹1,800 crore - The HinduBusinessLineAnupama GhoshApr 4, 2025
- cemnet.comAcquisition news and insights | CemNet - Page 8May 31, 2025
Summarized from public sources; check the original articles before acting on it.
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