{"id":22869,"date":"2022-02-10T19:37:38","date_gmt":"2022-02-10T14:07:38","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-nuvoco\/"},"modified":"2022-02-10T19:37:38","modified_gmt":"2022-02-10T14:07:38","slug":"biz-nuvoco","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-nuvoco\/","title":{"rendered":"Nuvoco Vistas Corp to invest Rs 1,950 cr as part of expansion plans"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1282593789\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Feb 10 (PTI) Cement maker Nuvoco Vistas Corp on Thursday, as part of its expansion plans, announced investment of\u00a0Rs 1,950 crore, which includes Rs 1,500 for setting up a new project\u00a0in Gulbarga, Maharashtra.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-515560507\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> The new facility will help it expand its footprints in the Western and Central India markets, said Nuvoco Vistas Corp, a Nirma Group company, in a statement.<\/p>\n<p> Besides, Nuvoco Vistas will invest Rs 400 crore on debottlenecking and upgradation of projects at its existing plants and Rs 50 crore to\u00a0set up alternate fuel material handling facilities.<\/p>\n<p> As part of its growth strategy, Nuvoco Vistas will expand its 6,000 tonne per day (TPD) clinker capacity at Gulbarga in Phase &#8211; I with the architecture for higher capacity.<\/p><div class=\"trade-content_5\" id=\"trade-3996602091\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> \u201cThe capital expenditure (CAPEX) for Phase-I of the project is approx Rs 1,500 crore. The ground-breaking for the expansion project is set in FY23,\u201d the company said.<\/p>\n<p> It already has an operational limestone mine at the site, Nuvoco Vistas Corp added.<\/p>\n<p> Commenting on these investments,\u00a0Chairman Hiren Patel said the recent Budget has reemphasised India\u2019s growth story with a focus on infrastructure as a key enabler.<\/p>\n<p> \u201cProjects like Gati Shakti will lend much-needed power, speed and efficiency to mega infrastructure projects launching India on the path to economic success. India has also been on an affordable housing mission. Cement is an integral part of the infrastructure and housing sector,\u201d he said.<\/p>\n<p> Managing Director Jayakumar Krishnaswamy said cement demand in India is estimated to grow at a compound annual growth rate (CAGR) of 6-7 per cent by FY26.<\/p>\n<p> \u201cWe are well-placed for a growth trajectory in long run. Our investment towards alternate fuel material handling facilities is a testament to our untiring commitment towards a sustainable future. Our current growth investments will help us seize the opportunities predominantly in the northern and western parts of the country, while further strengthening our leadership position in the east,\u201d he added.<\/p><div class=\"trade-content-10\" id=\"trade-3304642384\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> Nuvoco Vistas, which started its operations in 1999, operates into three segments &#8211;\u00a0\u00a0Cement, Ready-Mix Concrete (RMX) and Modern Building Materials (MBM).<\/p>\n<p> It acquired the cement business of LafargeHolcim in 2016 and NU Vista Limited (formerly Emami Cement) in 2020.<\/p>\n<p> Nuvoco Vistas operates 11 cement plants and is the largest cement company in East India in terms of capacity,\u00a0offering cement under brands such as Concreto, Duraguard, Nirmax, Double Bull and Infracem. PTI KRH  ANU ANU<\/p>\n<div class=\"trade-after-content\" id=\"trade-2872985602\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Feb 10 (PTI) Cement maker Nuvoco Vistas Corp on Thursday, as part of its expansion plans, announced investment of\u00a0Rs 1,950 crore, which includes Rs 1,500 for setting up a new project\u00a0in Gulbarga, Maharashtra. The new facility will help it expand its footprints in the Western and Central India markets, said Nuvoco Vistas Corp, [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-22869","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nuvoco Vistas Corp to invest Rs 1,950 cr as part of expansion plans - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-nuvoco\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nuvoco Vistas Corp to invest Rs 1,950 cr as part of expansion plans\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Feb 10 (PTI) Cement maker Nuvoco Vistas Corp on Thursday, as part of its expansion plans, announced investment of\u00a0Rs 1,950 crore, which includes Rs 1,500 for setting up a new project\u00a0in Gulbarga, Maharashtra. 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