Nuvoco Vistas Corporation
 | |
| Company type | Public |
|---|---|
| ISIN | INE118D01016 |
| Founded | 2014 |
| Headquarters | , India |
| Revenue |  ₹10,776 crore (US$1.3 billion) (FY 2024) [1] |
| ₹147 crore (US$18 million) (FY 2024) | |
| Total assets | ₹18,710 crore (US$2.2 billion) (FY 2024) |
| Total equity | ₹8,983 crore (US$1.1 billion) (FY 2024) |
| Parent | Nirma Group |
| Website | www |
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]
History
[edit]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]
References
[edit]- ^ "HDFC - Nuvoco Report" (PDF). Retrieved 2024-03-31.
- ^ Bureau, Online (2023-08-10). "Nuvoco Vistas' net profit dips 29.36% in Q1 FY24". ETRealty.com. Retrieved 2024-03-31.
{{cite web}}:|last=has generic name (help) - ^ "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.
- ^ 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.
- ^ 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) - ^ The Hans India (2024-02-02). "Nuvoco sets up 5th cement plant in Hyd". Andhra Pradesh Breaking News, Telangana News, Hyderabad News Updates, National News, Breaking News. Retrieved 2024-03-31.
- ^ "Nuvoco Vistas Corp to invest Rs 1,950 crore as part of expansion plans". Business Standard. 2022-02-10. Retrieved 2024-03-31.
- ^ "Adani Group's Next Cement Assets May Be India Cements & Nuvoco Vistas". Realty Plus Magazine. 2022-11-23. Retrieved 2024-03-31.
- ^ "ICICI- Nuvoco Report" (PDF). Retrieved 2024-03-31.
- ^ Jani, Ayurvedacharya Dr.Hitesh (2024-01-31). "NUVOCO Vistas announces its financial results for Q3 FY24". APN News. Retrieved 2024-03-31.
- ^ "Nuvoco Vistas, Rallis India, 8 other stocks trade with RSI trending up". The Economic Times. 2023-10-17. Retrieved 2024-03-31.
- ^ PTI_News 2024 t262">"Nuvoco Vistas Starts Operations At Ready-Mix Concrete Plant In Bihar". NDTV Profit. 2024-02-22. Retrieved 2024-03-31.
- ^ Bureau, Our (2022-06-29). "Cement maker Nuvoco Vistas plans 1.2 mtpa grinding unit in Haryana". BusinessLine. Retrieved 2024-04-03.
{{cite web}}:|last=has generic name (help)