Announced Sat, 11 Jul · 12:57 IST
Nuvoco inaugurates 2 MMTPA Limla cement grinding unit in Surat
NUVOCO · price
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Price reaction · full curve 14 horizons · vs prior close
+5.7%1-day move
₹319.75
prior close
₹308.65
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AI summary
Nuvoco Vistas inaugurated a 2 MMTPA cement grinding unit at the Limla Cement Plant in Surat, Gujarat, through its wholly owned subsidiary Vadraj Cement. Refurbishment cost is about Rs 240 crores, separate from the Rs 1,800 crore acquisition of VCL in June 2025. The plant gives Nuvoco entry into Gujarat and helps serve Western Maharashtra, while freeing up Rajasthan capacity for North India. Current capacity is 25 MMTPA, targeting 35 MMTPA by FY28.
Likely market impact
Positive for growth: Gujarat market entry and capacity ramp-up support volumes. Refurbishment spend adds to debt, but plant is operational ahead of schedule.