PINAKI MAJUMDAR
Jamshedpur, Feb 10: City-based Nuvoco Vistas Corp. Ltd (formerly Lafarge), a leading building materials company and the fifth largest cement player, in terms of capacity, in India, on Thursday announced its investments and expansion plans in line with its business strategy while remaining committed to prioritizing deleveraging.
Nuvoco has been working on multiple projects for sustainable growth with an aspiration to diversify its market base and reduce the business risk.
Comprehensive planning and execution to augment cement volumes availability by approx. 2.4 MTPA.
The ongoing debottlenecking projects to increase the clinker capacity at Risda and Nimbol Cement Plants are on track.
Furthermore, officials said that the Blending Unit at Bhiwani, Haryana will be upgraded to a Grinding Unit to leverage on the successful launch of the Double Bull cement brand in North and the Company’s existing channel in the region.
This will ensure key impetus to serve high growth north India markets. The prevailing infrastructure at the site will help to expedite the commissioning of the projects with limited capex, added officials.
The debottlenecking and up-gradation projects will augment the collective volume availability by approx. 2.4 MTPA and involve a total capex of approx. Rs.400 crores.
The cement major is setting up alternate fuel material handling facilities at Risda and Nimbol Cement plants to further its sustainability goals.
The sustenance capex involved in the said projects is tuned to approx. Rs 50 crores.
As an integral part of the growth strategy, the company will venture into a greenfield expansion of 6,000 TPD clinker capacity at Gulbarga in Phase – I with the architecture for higher capacity.
The company already has an operational limestone mine at the site. The new facility will help expand the company’s footprints in the western and central Indian markets.
