Nuvoco Vistas Corporation Ltd 12700 cr Mcap

Nuvoco Vistas Corporation Ltd
12700 cr Mcap

1. Company Background:

• Nuvoco Vistas Corporation Ltd (NVCL) is one of India’s largest cement companies and concrete manufacturers, with a consolidated capacity of 22.32 MMTPA. The company offers a diverse range of products, including cement, Ready-mix Concrete (RMX), and modern building materials.

2. Part of Nirma Group:

• NVCL is a part of The Nirma Group, a diversified conglomerate involved in various industries, including chemicals, detergents, soaps, healthcare products, and real estate development. The Nirma Group entered the cement business in 2014 and expanded through acquisitions, including Lafarge Holcim’s Indian cement business in 2016 and NU Vista from the Emami Group in 2020.

3. History of Nuvoco Vistas Corp. Ltd :

1999: Entry into Cement Business:
Lafarge India entered the cement business in 1999 through the acquisition of the cement business from TISCO (Tata Iron and Steel Company) and Raymond Ltd.

2008: Acquisition of Ready Mix Concrete Business:
In 2008, Lafarge India made a strategic move by acquiring the Ready Mix Concrete (RMC) business of L&T (Larsen & Toubro) for an estimated value of 1480 crore.

2016: Acquisition by Nirma Group:
Nirchem Cement, a wholly-owned subsidiary of the Nirma Group, made a significant move in 2016 by acquiring all the assets of Lafarge India for an impressive Rs. 9600 crore. This acquisition marked a pivotal moment in the company’s growth and expansion.

Name Change to Nuvoco Vista:
Following the acquisition by the Nirma Group, there was a strategic decision to rebrand. The company underwent a name change and adopted the new identity of Nuvoco Vistas Corp. Ltd.

2020: Acquisition of NU Vista (Emami’s Cement Business):
In 2020, Nuvoco Vistas Corp. Ltd. further expanded its portfolio by acquiring NU Vista, the cement business of Emami Group. This acquisition was valued at Rs. 5500 crore and played a key role in strengthening Nuvoco’s position in the Indian cement industry.

Business Segments Overview:

1. Cement:

   • Ranked 5th largest cement group in India, leading in East India.
   • Total Capacity 25 MT.
   • Operates 11 plants in East and North India.
   • Five integrated units, five grinding units, and one blending unit.
   • Diverse product portfolio: Concreto, Duraguard, Double Bull, PSC, Nirmax, Infracem.
   • Dominant in East, significant presence in North India.
   • Sustainability focus: Alternative fuel use, blended cement promotion, Waste Heat Recovery.

2. Ready Mix Concrete (RMX):

   • Industry leader with 50+ plants nationwide.
   • Provides concrete solutions to diverse clientele.
   • Contributed to landmark projects: Nazrul Tirtha, Lodha World One, etc.
   • Quality assurance is a priority in a competitive market.
   • Innovation-driven, committed to environmentally beneficial products.

3. Modern Building Material (MBM):

   • Key differentiator for Nuvoco.
   • Product suite includes Construction Chemicals, Bonding Agents, Wall Putty, Tile Adhesive, Ready-Mix Dry Plaster, Cover Blocks.
   • Targets both individual homeowners and professionals.
   • Marketed under Zero M and InstaMix Brands.
   • High customer value perception for unique solutions in waterproofing and germ protection.