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Latest news about Nuvoco Vistas Corporation

Nuvoco Vistas Reports Strong Q2 Results: Consolidated EBITDA Hits Record High 4 days ago

Nuvoco Vistas Corporation Limited announced robust Q2 financial results. Consolidated revenue increased 8% year-on-year to Rs 2,458.00 crore. The company achieved its highest-ever Q2 EBITDA of Rs 371.00 crore and returned to profitability with a net profit of Rs 36.43 crore. Cement sales volume reached 4.30 Million Metric Tonnes. The company reduced net debt by Rs 1,009.00 crore year-on-year and increased premium product sales to 44% of trade volume. Nuvoco is on track to expand cement capacity to 35 MMTPA by FY27, including the acquisition of Vadraj Cement Limited and a 4 MMTPA expansion in the East. The company maintains industry-leading sustainability efforts with the lowest carbon emissions at 453.80 kg CO2 per ton of cementitious materials.

Nuvoco Vistas Secures Rs 600 Crore Through Non-Convertible Debentures Sep 18, 2025

Nuvoco's Subsidiary Vadraj Cement Plans Rs 1,200 Crore Debenture Issue Sep 15, 2025

Nuvoco Vistas Unveils Rs 200 Crore Expansion Plan to Boost Cement Capacity in Eastern India Sep 01, 2025

Nuvoco Vistas Approves ₹508.65 Crore Loan-to-Equity Conversion in Vadraj Cement Aug 26, 2025

More news about Nuvoco Vistas Corporation

24Aug 25

NCLAT Upholds Nuvoco Vistas' Rs 1,800 Crore Acquisition of Vadraj Cement

The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal against Nuvoco Vistas Corporation's acquisition of Vadraj Cement. The Rs 1,800 crore resolution plan involves acquiring Vadraj's 3.50 MTPA clinker unit in Kutch and 6.00 MMTPA grinding unit in Surat. The bid value exceeded the fair value of Rs 1,668 crore and liquidation value of Rs 1,080 crore. The Committee of Creditors approved the plan with 100% majority. Employee claims totaling Rs 10.51 crore were partially addressed, with Rs 6.30 crore provided and the remainder to be paid pro-rata.

18Aug 25

Nuvoco Vistas Corporation Approves Rs 600 Crore Non-Convertible Debenture Issuance

Nuvoco Vistas Corporation Limited's Board Committee has approved the issuance of Non-Convertible Debentures (NCDs) worth up to Rs 600 crores through private placement. The NCDs will be issued in one or more tranches and are proposed to be listed on the Wholesale Debt Market Segment of the National Stock Exchange. The debentures may be secured or unsecured, rated, listed, and redeemable. The decision was made during a board meeting on August 18.

23Jul 25

Nuvoco Vistas Corporation Secures 'Crisil ESG 56' Rating for FY2024

Nuvoco Vistas Corporation Limited has been assigned a 'Crisil ESG 56' rating by Crisil ESG Ratings & Analytics Limited for the financial year ended March 31, 2024. The company has disclosed this information to BSE and NSE in compliance with SEBI regulations. The rating details are available on the company's website, reflecting its commitment to environmental, social, and governance standards in the cement industry.

18Jul 25

Nuvoco Vistas: Q1 Profit Soars, Shares Rally 9%

Nuvoco Vistas Corporation, a major Indian cement company, reported exceptional Q1 financial results. Net profit increased to ₹133.16 crore from ₹2.84 crore year-over-year. Revenue rose 9% to ₹2,872.70 crore. The company achieved its highest Q1 consolidated EBITDA of ₹533.00 crore, with operating margins improving by 510 basis points. Net debt reduced to ₹3,474.00 crore. Nuvoco is acquiring Vadraj Cement to expand capacity from 25 to 31 million tonnes. Following the results, shares rallied 9%.

17Jul 25

Nuvoco Vistas Reports Strong Q1 Performance with Record EBITDA and Debt Reduction

Nuvoco Vistas Corporation achieved its highest-ever Q1 consolidated EBITDA of ₹533.00 crore. Cement sales volume increased by 6% year-over-year to 5.10 MMT. Premium products accounted for 41% of trade volume, with a trade mix of 76%. The company reduced net debt by ₹884.00 crore to ₹3,474.00 crore. Nuvoco completed the acquisition of Vadraj Cement Limited, aiming to increase cement capacity to 31 MMTPA by Q3 FY27. Consolidated revenue grew by 9% to ₹2,873.00 crore. The company plans to operationalize newly acquired plants in Kutch and Surat by Q3 FY27.

17Jul 25

Nuvoco Vistas: Q1 Profit Soars to Rs 133 Crore on Higher Sales

Nuvoco Vistas Corporation, a major player in the Indian cement industry, has reported exceptional Q1 results. Net profit soared to ₹133.16 crore from ₹2.84 crore year-over-year. Revenue grew 9% to ₹2,872.70 crore, while EBITDA reached a record Q1 high of ₹533.00 crore. The EBITDA margin improved by 510 basis points to 18.35%. Cement sales volume stood at 5.1 million tonnes. The company's balance sheet remains strong with a net worth of ₹9,134.19 crore and a healthy debt-to-equity ratio of 0.59.

29Jun 25

Nuvoco Vistas Secures ₹952 Crore Asset Return from ED for Vadraj Cement Acquisition

Enforcement Directorate has returned assets worth ₹952 crore to Nuvoco Vistas Corporation Ltd., enabling the company to proceed with its acquisition of Vadraj Cement's Surat plant. The Special PMLA Court in Mumbai approved this asset return, resolving a part of the IL&FS-linked financial scandal. NCLT had previously approved a ₹1,706 crore resolution plan for this acquisition. This development allows Nuvoco Vistas to expand its cement sector presence and could set a precedent for future resolutions of distressed assets in India.

23Jun 25

Nuvoco Vistas Completes Rs 1,800 Crore Vadraj Cement Acquisition, Boosts Capacity by 20%

Nuvoco Vistas Corporation has completed the acquisition of Vadraj Cement for Rs 1,800 crore. The deal increases Nuvoco's cement production capacity by over 20%, bringing its total capacity to approximately 31.00 MTPA. The acquisition, approved by the NCLT in April, was finalized before the June 24 deadline. Punjab National Bank and Union Bank of India were the lead lenders involved in the transaction. This strategic move is expected to strengthen Nuvoco's market position in the Indian cement industry.

17Jun 25

High Court Resolves Nuvoco Vistas Corporation's Writ Petition on Sonadhi Cement Plant Transfer

Nuvoco Vistas Corporation has received a resolution from the High Court regarding a writ petition about the transfer of its cement plant in Sonadhi. While specific details of the court's decision remain undisclosed, this resolution could potentially impact the company's operations, strategic decisions, and investor confidence. The implications of this legal outcome on Nuvoco Vistas' business strategy and market position in the Indian cement industry are yet to be fully understood.

16Jun 25

Nuvoco Vistas Challenges West Bengal's Incentive Scheme Revocation

Nuvoco Vistas Corporation has filed a writ petition against the West Bengal government for revoking the Incentive Schemes Act 2025. The revocation affects incentives worth ₹4.27 billion and ₹3.00 billion for the company. This legal action aims to protect Nuvoco Vistas' interests and potentially reinstate the incentives. The decision could impact the company's financial planning, investments, and competitive position in West Bengal.

13Jun 25

Nuvoco Vistas Challenges West Bengal's Revocation of Incentive Schemes

Nuvoco Vistas Corporation, a major Indian cement company, is facing a setback as the West Bengal government revokes incentive schemes worth ₹7.27 billion under Act 2025. The company has filed a writ petition to challenge this decision. The revoked incentives include ₹4.27 billion and ₹3.00 billion packages. This action may significantly impact Nuvoco Vistas' financial projections and operations in West Bengal.

12Jun 25

Nuvoco Vistas Unveils Rs 1,200 Crore Fundraising Plan for Vadraj Cement Acquisition

Nuvoco Vistas Corporation announces plans to raise Rs 1,200 crore through Compulsorily Convertible Debentures (CCDs) and Compulsorily Convertible Preference Shares (CCPS) to partially finance its Rs 1,800 crore acquisition of Vadraj Cement. The company will initially use bridge financing and long-term debt, followed by structured funding within Vadraj post-acquisition. This strategic move aims to expand Nuvoco Vistas' cement operations and strengthen its market position in India.

02May 25

Nuvoco Vistas Corp Reports Record Q4 EBITDA Amid Strong Volume Growth

Nuvoco Vistas Corp Ltd announced its Q4 and FY25 results, highlighting resilience in a challenging market. The company achieved its highest-ever quarterly consolidated EBITDA of ₹556.00 crore in Q4, up 12% year-on-year. Cement sales volume reached 5.70 MMT in Q4, an 8% increase year-on-year, contributing to a full-year volume of 19.40 MMT. The company's revenue grew by 4% to ₹3,042.00 crore in Q4. Nuvoco focused on cost efficiency, achieving its lowest blended fuel cost in 14 quarters and reducing net debt by ₹390.00 crore. The company received NCLT approval for acquiring Vadraj Cement Limited, which will increase its cement capacity to 31 MMT by Q3 FY27. Nuvoco also reported the lowest carbon emissions in the industry at 457 kg CO2 per ton of cementitious materials.

01May 25

Nuvoco Vistas Corp Achieves Record Q4 EBITDA Amid Strong Cement Demand

Nuvoco Vistas Corp Ltd achieved its highest-ever quarterly consolidated EBITDA of ₹556.00 crore in Q4 FY25, up 12% year-on-year. Q4 cement volume grew 23% to 5.7 MMT, with revenue up 4% to ₹3,042.00 crore. Full-year FY25 saw cement sales volume increase 3% to 19.4 MMT. The company reduced net debt by ₹390.00 crore to ₹3,640.00 crore and received NCLT approval for Vadraj Cement Limited acquisition, set to increase capacity to 31 MMTPA by Q3 FY27. Nuvoco achieved the lowest blended fuel cost in 14 quarters and reported the industry's lowest carbon emissions at 457 kg CO2 per ton of cementitious materials for FY24.

04Apr 25

Nuvoco Vistas Secures NCLT Approval for Rs 1,800 Crore Vadraj Cement Acquisition

NCLT Mumbai has approved Nuvoco Vistas Corporation's bid to acquire Vadraj Cement for Rs 1,800 crore. The deal will increase Nuvoco's cement production capacity to 31 MTPA, making it India's fifth-largest cement manufacturer. Nuvoco plans to invest an additional Rs 1,200 crore to operationalize Vadraj's assets, with production expected to start in Q3 FY2027.