Date: July 11, 2026

Board Meeting Outcomes

  • Vadraj Cement Limited (VCL), wholly owned subsidiary of Nuvoco Vistas Corporation Limited, inaugurated 2 MMTPA cement grinding capacity at its Limla Cement Plant, Surat, Gujarat on July 11, 2026
  • The disclosure is made pursuant to Regulation 30 read with Para B of Part A of Schedule III of SEBI Listing Regulations and SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 (updated on January 30, 2026)

Expansion / Capacity Addition Details

  • Existing capacity utilization: ~81% as on March 31, 2026
  • Proposed capacity addition: 2 MMTPA grinding capacity at Limla, Surat
  • Timeline for capacity addition: By Q2 FY 2026-27
  • Total capacity target: 35 MMTPA by FY 2027-28
  • Investment required: ~₹240 crores towards refurbishment (excludes acquisition cost of ₹1,800 crores for VCL)
  • Mode of financing: Nuvoco financed refurbishment through Inter Corporate Deposits to VCL

Strategic Rationale

  • Provides access to high-growth markets in Gujarat and Maharashtra
  • Releases capacity from existing Rajasthan plants to serve North markets more effectively
  • Strengthens Nuvoco's manufacturing footprint in Western India
  • Upon full operationalization, nearly 40% of Nuvoco's total cement capacity will be in North and West regions

Background Context

  • VCL was acquired through Corporate Insolvency Resolution Process (CIRP) with consideration of ₹1,800 crore discharged in June 2025
  • VCL's asset base includes clinker unit and grinding unit at Kutch and Limla, Surat respectively
  • VCL has high-quality captive limestone reserves and captive jetty at Kutch
  • Nuvoco has undertaken revival, refurbishment and expansion across both sites since acquisition

Product Portfolio

  • The Limla plant will manufacture: Ordinary Portland Cement (OPC), Portland Slag Cement (PSC), Portland Pozzolana Cement (PPC), and Portland Composite Cement (PCC)
  • Will offer complete Nuvoco Duraguard range including premium Nuvoco Duraguard Microfibre

Company Financial Context

  • Nuvoco reported total income of ₹11,362 crore in FY 2025-26
  • The company aims to achieve total cement capacity of 35 MMTPA
  • This expansion supports long-term growth ambitions and market consolidation

Management Commentary

  • Mr. Jayakumar Krishnaswamy, Managing Director, stated this marks a defining milestone in Nuvoco's growth journey
  • Gujarat offers significant growth opportunities supported by infrastructure development, industrial expansion, and urbanization
  • The achievement demonstrates ability to unlock value from acquired assets and deliver on commitments
  • Reflects strength of project execution capabilities and focus on sustainable long-term profitable growth

Impact Tags: #StrategicExpansion #MarketAccessOptimization