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News Nuvoco Vistas completes Vadraj Cement acquisition

Nuvoco Vistas completes Vadraj Cement acquisition

Written by Global Cement staff 24 June 2025
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India: Nuvoco Vistas has completed its acquisition of Vadraj Cement, upon the payment of US$20.9m to lenders led by Punjab National Bank and Union Bank of India. Gujarat-based Vadraj Cement operates a 6Mt/yr grinding unit in Surat. The acquisition increases Nuvoco Vistas' installed cement capacity by 24%, to 31Mt/yr.

Nuvoco Vistas undertook the acquisition through its wholly-owned subsidiary Vanya Corporation.

Last modified on 25 June 2025
Published in Global Cement News
Tagged under
  • India
  • Nuvoco Vistas
  • Vadraj Cement
  • Punjab National Bank
  • Union Bank of India
  • Gujarat
  • Vanya Corporation
  • Acquisition
  • Asia
  • GCW715
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