Nuvoco Vistas Hikes Cement Prices as Demand Recovers; Gujarat Plant Expansion Underway
Overview
Nuvoco Vistas Corporation Limited, the cement arm of Nirma Group, has raised prices across key markets as demand shows signs of recovery. The company is preparing to bring its recently acquired Vadraj cement facilities in Gujarat online in phases starting FY27. Jayakumar Krishnaswamy, managing director, noted strong demand in January and expects this trend to continue through the March quarter.
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Price Adjustments Amid Demand Uptick
Nuvoco Vistas Corporation Limited has implemented price increases for cement across its operating regions, driven by a notable revival in demand. The company reported a positive December and anticipates sustained demand through the fourth quarter of the fiscal year 2026. This move follows a period where prices had seen significant declines, with the company passing on GST benefits. Management noted that recent cost inflation necessitated these adjustments.
Vadraj Plant Expansion on Schedule
The company is progressing with the phased operationalization of its Vadraj cement facilities in Gujarat, acquired through insolvency proceedings. Commissioning of grinding and clinker units is slated to occur between Q3 FY27 and Q1 FY28. The total cement capacity is expected to reach 35 million tonnes per annum (MTPA) upon full integration.
Infrastructure Boost for Kutch Operations
A critical enabler for the Vadraj operations, particularly the Kutch plant, is the planned railway siding. Engineering and project reports for extending the Indian Railways network from Naliya to Vayor, close to the plant, have been submitted. The project aims to secure efficient logistics, with the siding expected by June FY28. This development is crucial as other manufacturers also seek similar connectivity.
