Nuvoco Vistas Corp will acquire Vadraj Cement, increasing its production capacity by over 20 %.
Nuvoco Vistas Corp, a key producer of cement in East India, has emerged as the successful applicant to buy Vadraj Cement under the Corporate Insolvency Resolution Process. Gujarat-based Vadraj Cement, formerly owned by ABG Shipyard, has a 6 million tonne grinding unit in Surat and will add to Nuvoco Vistas’ existing production capacity of 25 million tonne by more than 20 %.
The acquisition deal is subject to approval from the National Company Law Tribunal. Nuvoco aims to refurbish Vadraj's assets and commence production around December 2026-27. With this deal, Nuvoco strengthens its position as the fifth-largest cement group in India.
