Nuvoco Vistas Corporation Limited, the cement division of the Nirma Group, started increasing prices in major markets as there are signs that demand is headed in the right direction. The organization is planning to start their newly-acquired Vadraj cement plants in Gujarat in phases from FY27. According to Jayakumar Krishnaswamy, managing director, there was good demand in January, and it is expected to continue in March as well.
Price Adjustments in Response to An Increase in Demand
Nuvoco Vistas Corporation Limited has decided to implement price hikes in the cement segment due to the considerable recovery in demand. The company started the month of December with positive performance and is expecting the same in the remaining fourth quarter of the fiscal year 2026. This comes after the prices experienced considerable reductions, wherein the company decided to transfer the benefits of GST. The company explained the recent inflation in costs as the reason for the change.
Vadraj Plant Expansion on Schedule:
The company is going ahead with the step-by-step operationalization of its cement facilities at Vadraj, acquired under insolvency resolution proceedings, located in Gujarat. The commissioning of grinding and clinkers capacity is expected to take place between Q3 FY27 & Q1 FY28. The total cement capacity will be 35 million tons per annum.
Infrastructure Enhancement for Kutch Business:
One of the integrative factors in the operations of Vadraj, especially the plant at Kutch, would be the proposed railway siding. Engineering and project reports regarding the extension of the Indian Railways network from Naliya to Vayor, near the plant, have been submitted. The rationale is to ensure adequate logistical support, which is expected in June FY28. This is especially important, as other players also require the same support.
