The company had in January 2025 received a letter of intent to acquire Vadraj Cement (VCL) under insolvency process. Nuvoco ...

The borrower is also in talks with alternative asset firms for the financing, the details of which could be subject to change ...

The resolution plan includes an upfront payment of ₹1,800 crore. Nuvoco intends to fund the transaction without a significant rise in its consolidated debt levels.

NCLT approves Nuvoco Vistas's bid to acquire Vadraj Cement for Rs 1,800 crore, boosting its cement capacity to 31 MTPA. This ...

Nirma Group's Nuvoco Vistas has acquired Vadraj Cement for Rs 1,800 crore. This acquisition boosts Nuvoco's cement capacity by over 20%, totaling 31 MTPA, consolidating its rank as the fifth-largest ...

Nuvoco Vistas Corporation, operating in the Cement sector and classified as a Smallcap on the BSE, currently has its share price at ₹322.9. The stock has experienced fluctuations today ...

This change comes in light of Nuvoco Vistas emerging as the successful resolution applicant for Vadraj Cement Limited (VCL), which is undergoing a Corporate Insolvency Resolution Process.

Nuvoco Vistas acquires Vadraj Cement, expanding production capacity and solidifying position as India's fifth-largest cement group.

VCL’s facilities include a 3.5 mmtpa (~10,000tpd) clinker unit in Kutch, Gujarat, and a 6 mmtpa grinding unit in Surat, ...

The insolvency tribunal NCLT has approved Nirma Group's Nuvoco Vistas acquisition of the debt-ridden Vadraj Cement, involving an upfront payment of Rs 1,800 crore. This acquisition boosts Nuvoco's ...