Nuvoco Vistas Corporation Limited , a leading building materials company in India, has announced robust financial results for the second quarter, demonstrating significant growth and operational efficiency.

Key Financial Highlights

Operational Achievements

Nuvoco Vistas has made substantial progress in various operational areas:

• Debt Reduction: Like-to-like net debt reduced by Rs 1,009.00 crore year-on-year to Rs 3,492.00 crore
• Premium Products: Reached a historic high of 44% of trade volume
• Expansion Plans: On track to increase cement capacity to 35 MMTPA by FY27

Strategic Developments

1. Vadraj Cement Limited Acquisition: The company has completed the acquisition of Vadraj Cement Limited, with refurbishment activities progressing as scheduled. The plant is targeted for operationalization by Q3 FY27.

2. East Expansion: Nuvoco is expanding its capacity in the East by 4 MMTPA, to be completed in phases between December 2025 and March 2027.

3. Infrastructure Improvements: The company has completed internal projects, including railway sidings at Sonadih Cement Plant and Odisha Cement Plant, enhancing market servicing efficiency.

Management Commentary

Mr. Jayakumar Krishnaswamy, Managing Director of Nuvoco Vistas Corp. Ltd., stated, "Despite macro headwinds like intense monsoon, channel adjustments to GST rate cuts, and early festive celebrations, the Company continues to deliver improved performance, supported by a sustained focus on premiumisation and trade mix."

He added, "The planned East expansion is set to further strengthen our presence in the East as well as in the markets of Uttar Pradesh, Madhya Pradesh, Andhra Pradesh, Telangana, Maharashtra, and North-East, addressing the rising demand for blended products such as composite and slag cement."

Sustainability Focus

Nuvoco Vistas continues to lead the industry in sustainability efforts, maintaining the lowest carbon emissions at 453.80 kg CO2 per ton of cementitious materials.

Future Outlook

The company remains confident in its structural growth trajectory, prioritizing premiumisation, geo-optimization, and cost efficiency to reinforce its competitive advantage in the building materials sector.

As Nuvoco Vistas Corporation Limited continues to expand its capacity and improve operational efficiency, it is well-positioned to capitalize on the growing demand for high-quality construction materials in India's rapidly developing infrastructure sector.

Nuvoco Vistas Corporation , a prominent player in the Indian cement industry, has successfully raised Rs 600 crore through the issuance of non-convertible debentures (NCDs). The company made this announcement in a recent filing to the stock exchanges, detailing the terms and conditions of the debenture allotment.

Key Details of the NCD Issuance

Terms and Conditions

The NCDs have been issued on a private placement basis, indicating a targeted approach to institutional investors. The debentures carry an interest rate of 7.70% per annum, with coupon payments scheduled annually. The maturity period is set for three years, with the redemption date fixed for September 18, 2028.

In case of any payment default, Nuvoco Vistas has agreed to an additional interest charge of 2% per annum for the defaulting period, demonstrating the company's commitment to timely payments and investor protection.

Market Implications

This successful debt raising by Nuvoco Vistas comes at a time when companies are actively seeking to optimize their capital structures. The CRISIL AA/Watch Developing credit rating assigned to these NCDs reflects a high degree of safety regarding timely servicing of financial obligations and very low credit risk.

The funds raised through this NCD issuance are likely to be utilized for the company's ongoing operations, potential expansion plans, or refinancing existing debt, although the specific use of proceeds was not detailed in the announcement.

Investor Relations

In a separate disclosure, Nuvoco Vistas also announced an upcoming virtual group meeting with investors and analysts, scheduled for September 22, 2025, as part of the Arihant Capital (Bharat Connect Conference). This meeting underscores the company's commitment to maintaining transparent communication with its stakeholders.

The successful placement of these NCDs and the upcoming investor meeting highlight Nuvoco Vistas' proactive approach to financial management and stakeholder engagement, potentially positioning the company for future growth and market opportunities in the competitive cement sector.