Nuvoco Vistas Corporation

Last updated
Nuvoco Vistas Corporation Limited
Company type Public
ISIN INE118D01016
Founded2014
Headquarters,
India
RevenueIncrease2.svg10,776 crore (US$1.3 billion) (FY 2024) [1]
Increase2.svg147 crore (US$18 million) (FY 2024)
Total assets Increase2.svg18,710 crore (US$2.2 billion) (FY 2024)
Total equity Increase2.svg8,983 crore (US$1.1 billion) (FY 2024)
Parent Nirma Group
Website www.nuvoco.com

Nuvoco Vistas Corporation Limited is an Indian building materials company with headquarters in Mumbai. [2] They provide cement, ready-mix concrete (RMX), and modern building materials (MBM), with an installed capacity of 25 MMTPA. [3] [4]

Contents

History

Nuvoco is the part of the Nirma Group conglomerate, entered the cement sector in 2014 by establishing a new cement plant in Nimbol, Rajasthan. The company expanded by acquiring Lafarge India Limited in 2016 and later changed its name to Nuvoco Vistas Corp. Ltd in 2017. [5]

In 2019, Nuvoco launched its first Captive Power Plant (CPP) and Waste Heat Recovery (WHR) system at its Chittorgarh Cement Plant. [6]

In 2020, it took over NU Vista Limited (previously known as Emami Cement Limited). [7] [8]

In 2021, Nuvoco was awarded its first patent for a 'Water Resistant Cement Composition' for its Duraguard Waterseal Cement and increased its grinding capacity at the Jojobera Cement Plant by 1.5 MMTPA. [9] That same year, the company went public, successfully listing its shares on the BSE and NSE. [10] [11]

As of March 2023, Nuvoco operates 11 cement facilities across India, including five integrated units, five grinding units, and one blending unit located in the eastern states of West Bengal, Bihar, Odisha, Chhattisgarh, and Jharkhand, as well as in the northern states of Rajasthan and Haryana. [12] The integrated plants are equipped not only with Waste Heat Recovery (WHR)Systems but also feature Captive and Solar Power Plants in Bhiwani and Chittorgarh. [13]

Brands

Nuvoco offers products across three primary sectors: cement, ready-mix concrete (RMX), and modern building materials (MBM). It has over 50 options for both individual home builders and large-scale infrastructure projects.

Cement

Nuvoco's cement products consist of ordinary portland cement, portland slag cement, portland pozzolana cement, and portland composite cement.

Ready-Mix Concrete

Nuvoco's ready-mix concrete (RMX) line is designed for applications, ranging from the provision of commercial concrete to direct on-site delivery for private construction. Its offerings include concreto (performance concrete), artiste (decorative concrete), instamix (premixed concrete), x-con (expert concrete), and ecodure (eco-friendly concrete). Nuvoco has contributed to major projects such as Lodha World One, the Amritsar Entry Gate, and numerous metro projects in cities like Delhi, Jaipur, Noida, and Mumbai.

Modern Building Materials (MBM)

Nuvoco's modern building materials consists of construction chemicals, including bonding and waterproofing agents, wall putty, tile adhesive, ready-mix dry plaster, and cover blocks.

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References

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  3. "Does The Market Have A Low Tolerance For Nuvoco Vistas Corporation Limited's (NSE:NUVOCO) Mixed Fundamentals?". Simply Wall St News. 2024-03-27. Retrieved 2024-03-31.
  4. Jani, Ayurvedacharya Dr.Hitesh (2024-02-03). "Nuvoco Vistas Expands Footprint in Hyderabad with Cutting-Edge Ready-Mix Concrete Plant in Medchal". APN News. Retrieved 2024-03-31.
  5. Amritha Pillay, Pooja Sarkar,Aparna Iyer (2016-07-11). "Nirma to buy Lafarge India assets from LafargeHolcim for $1.4 billion". mint. Retrieved 2024-04-03.{{cite web}}: CS1 maint: multiple names: authors list (link)
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  8. "Adani Group's Next Cement Assets May Be India Cements & Nuvoco Vistas". Realty Plus Magazine. 2022-11-23. Retrieved 2024-03-31.
  9. "ICICI- Nuvoco Report" (PDF). Retrieved 2024-03-31.
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  12. PTI_News 2024 t262"> "Nuvoco Vistas Starts Operations At Ready-Mix Concrete Plant In Bihar". NDTV Profit. 2024-02-22. Retrieved 2024-03-31.
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