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Latest news about Nuvoco Vistas Corporation

Nuvoco Vistas Corporation Reports Record Q3FY26 Performance with 50% EBITDA Growth Jan 22, 2026

Nuvoco Vistas Corporation achieved record Q3FY26 performance with volumes of 5.00 million tons (+7% YoY) and EBITDA growth of ~50% to ₹386.00 crores. Premium product mix reached historic 44% of trade volumes while the company achieved lowest fuel cost in 17 quarters at ₹1.41 per million calories. December showed strong 20% YoY volume growth, indicating demand recovery despite pricing pressures from GST revisions.

ICICI Securities Maintains Hold Rating on Nuvoco Vistas Corporation with Revised Target of ₹369 Jan 21, 2026

Prabhudas Lilladher Maintains BUY Rating on Nuvoco Vistas with ₹443 Target Price Jan 20, 2026

CRISIL Removes Rating Watch, Assigns Stable Outlook to Nuvoco Vistas Corporation Jan 15, 2026

Nuvoco Vistas Q3 FY26: Turns Profitable with ₹49.10 Cr, EBITDA Surges 49% Jan 15, 2026

More news about Nuvoco Vistas Corporation

15Jan 26

Nuvoco Vistas Corporation Announces Statutory Auditor Firm Conversion to LLP

Nuvoco Vistas Corporation Limited has informed stock exchanges about the conversion of its statutory auditor M S K A & Associates into a Limited Liability Partnership structure. The firm, now operating as M S K A & Associates LLP, intimated the company on January 14, 2026 about the conversion under the Limited Liability Partnership Act, 2008. The structural change resulted in the firm's registration number being updated from 105047W to 105047W/W101187.

05Jan 26

Nuvoco Vistas Corporation Schedules Board Meeting and Earnings Call for Q3FY26 Results

Nuvoco Vistas Corporation has announced a comprehensive Q3FY26 results disclosure schedule, with board meeting on January 15, 2026, and investor conference call on January 16, 2026, at 4:30 PM IST. The company has provided detailed access arrangements for international participants and maintains strict regulatory compliance under SEBI guidelines.

16Dec 25

Nuvoco Vistas Corporation Clarifies Trading Volume Surge as Market-Driven Movement

Nuvoco Vistas Corporation Limited clarified to BSE and NSE that the significant trading volume increase in its equity shares on December 15, 2025, was purely market-driven. The company confirmed no pending price-sensitive information or announcements require disclosure under SEBI regulations, and reaffirmed its commitment to continued compliance with Regulation 30 disclosure obligations.

10Dec 25

Nuvoco Vistas Corporation Receives ESG Rating of 63 from NSE Sustainability for FY25

Nuvoco Vistas Corporation Limited received a consolidated ESG rating of 63 from NSE Sustainability Ratings Analytics Limited for FY25. The rating evaluates the company's environmental, social and governance performance based on publicly available data. The disclosure was made in compliance with SEBI listing regulations, with the report made available on the company's website.

18Nov 25

Nuvoco Vistas Acquires Algebra Endeavour for INR 200 Crores, Expanding Power Generation Capabilities

Nuvoco Vistas Corporation Limited has signed a Securities Purchase Agreement to acquire 100% of Algebra Endeavour Private Limited for up to INR 200 crores in cash. The acquisition aims to gain access to power plants in Kutch and Surat through Vadraj Energy (Gujarat) Limited, a subsidiary of Algebra Endeavour. This move is expected to enhance Nuvoco Vistas' captive power consumption capabilities. The transaction is set to close within 10 days of meeting conditions precedent. Algebra Endeavour, incorporated in 2020, has reported nil turnover for the last three years.

14Nov 25

Nuvoco Vistas Secures Rs 600 Crore Debenture Deal for Subsidiary Vadraj Cement

Nuvoco Vistas Corporation Limited's wholly-owned subsidiary, Vadraj Cement Limited, will issue Series A compulsory convertible debentures (CCDs) worth up to Rs 600 crores. The agreements include call and put options with a 10.25% IRR over 5-6 years, with Nirma Limited as the put option provider. Funds will be used to repay Vadraj Cement's financial assistance. The deal involves a Securities Subscription and Debenture Trustee Agreement and an Option Agreement, with provisions for maintaining at least 51% ownership of Vadraj by Nuvoco Vistas or affiliates.

13Nov 25

Nuvoco Vistas Corporation Undergoes GST Department Search at Registered Office

The Maharashtra Goods & Service Tax Department initiated a search operation at Nuvoco Vistas Corporation Limited's registered office on November 12, 2025, under Section 67 of the Maharashtra Goods & Service Tax Act, 2017. The company has fully cooperated with the authorities, providing all requested clarifications and details. Nuvoco Vistas reports no material impact on its business operations and reaffirms its commitment to high governance standards and regulatory compliance.

03Nov 25

Nuvoco Vistas Corp Approves Strategic Acquisition of Algebra Endeavour

Nuvoco Vistas Corporation Limited's Board of Directors has approved the acquisition of Algebra Endeavour Private Limited, the holding company of Vadraj Energy (Gujarat) Limited. This move marks Nuvoco's strategic expansion into power generation, gaining control of power plants in Kutch and Surat, Gujarat. The securities will be acquired from JSW Cement Limited and Alpha Alternatives Holdings Private Limited. The decision was made in a board meeting on November 3, 2025, lasting from 6:15 p.m. to 6:30 p.m. The company has disclosed this information under SEBI regulations, with further details to be revealed upon execution of the Securities Purchase Agreement.

24Oct 25

Nuvoco Vistas Secures Rs 452.52 Crore Tax Relief as Income Tax Authority Drops Proceedings

Nuvoco Vistas Corporation has received tax relief as the Principal Commissioner of Income Tax, Mumbai-6 dropped proceedings under section 263 of the Income Tax Act for FY 2019-20 and 2020-21. The company successfully contested tax disputes worth approximately Rs 452.52 crores, with Rs 352.55 crores for FY 2019-20 and Rs 99.97 crores for FY 2020-21. The issues addressed included deductions on interest paid on NCDs and transfer of NCDs liability during merger. Nuvoco Vistas has disclosed this development to the stock exchanges in compliance with SEBI regulations.

22Oct 25

Nuvoco Vistas Reports 62% EBITDA Surge in Q2 FY'26 Despite Monsoon Challenges

Nuvoco Vistas Corporation Limited achieved an EBITDA of Rs 371.00 crores in Q2 FY'26, a 62% year-on-year increase, despite challenges from prolonged monsoons and GST rate changes. The company reported 1% quarter-on-quarter revenue growth per ton and reached a record 44% premiumization level. Trade mix remained strong at 74%, while net debt decreased to Rs 3,492.00 crores. Nuvoco announced a 4 million ton capacity expansion in the East and continued progress on the Vadraj Cement acquisition. Management expects 7-8% demand growth in coming months and aims for improved realization through premiumization and geo-mix optimization.

15Oct 25

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

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.

18Sept 25

Nuvoco Vistas Secures Rs 600 Crore Through Non-Convertible Debentures

Nuvoco Vistas Corporation has successfully raised Rs 600 crore by issuing 60,000 non-convertible debentures (NCDs) with a face value of Rs 1,00,000 each. The NCDs, rated CRISIL AA/Watch Developing, carry a 7.70% annual interest rate and have a three-year tenure from September 18, 2025 to September 18, 2028. The debentures will be listed on the Wholesale Debt Market Segment of the National Stock Exchange of India Limited. The company has also scheduled a virtual meeting with investors and analysts for September 22, 2025, as part of the Arihant Capital (Bharat Connect Conference).

15Sept 25

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

Vadraj Cement Limited, a wholly owned subsidiary of Nuvoco Vistas Corporation Limited, plans to issue unsecured unlisted compulsorily convertible debentures (CCDs) worth up to Rs 1,200 crore through private placement. The issue will be split into two equal tranches of Rs 600 crore each. Nuvoco's board has approved the formation of a committee to oversee the transaction, including reviewing, negotiating, and finalizing the deal.

01Sept 25

Nuvoco Vistas Unveils Rs 200 Crore Expansion Plan to Boost Cement Capacity in Eastern India

Nuvoco Vistas Corporation Limited plans to increase its cement grinding capacity in the Eastern region by 4 million tonnes per annum (MMTPA) with an investment of Rs 200 crore. The expansion will be implemented in three phases, increasing the company's cement capacity in the East from 19 MMTPA to 23 MMTPA. The project involves installing a new grinding mill at Arasmeta Cement Plant and upgrading equipment at other plants. Financed through internal accruals, this expansion aims to strengthen Nuvoco's presence in key markets and aligns with its sustainability goals. The company expects to achieve a total cement capacity of 35 MMTPA by the end of FY2026-27.

26Aug 25

Nuvoco Vistas Approves ₹508.65 Crore Loan-to-Equity Conversion in Vadraj Cement

Nuvoco Vistas Corporation Limited's Board has approved the conversion of a ₹508.65 crore unsecured loan into 50,86,54,794 equity shares of its subsidiary, Vadraj Cement Limited. The conversion, at ₹10 per share, maintains Nuvoco's 100% ownership in Vadraj. This move aims to strengthen Vadraj Cement's financial position by reducing its debt burden. Vadraj Cement, acquired by Nuvoco through an NCLT-approved resolution plan, operates a 3.5 MMTPA clinker unit in Kutch and a 6 MMTPA grinding unit in Surat, Gujarat.

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.