Announced Sat, 11 Jul · 12:57 IST
Nuvoco Vistas inaugurates 2 MMTPA Limla grinding plant in Surat
NUVOCO · price
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+5.7%1-day move
₹319.75
prior close
₹308.65
base price
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AI summary
Nuvoco's subsidiary Vadraj Cement inaugurated 2 MMTPA grinding capacity at Limla Cement Plant in Surat, Gujarat. Refurbishment cost about Rs 240 crores, part of the Rs 1,800 crore Vadraj acquisition. Nuvoco's capacity stands at 25 MMTPA, targeting 35 MMTPA by FY28. Marks entry into Gujarat market, complementing Kutch clinker unit. Plant was revived from CIRP and completed ahead of schedule.
Likely market impact
Capacity addition supports growth, enters Gujarat market, enhances margins through operational synergies