Nuvoco Vistas Corporation has announced its investments and expansion plans in-line with its business strategy while remaining committed to prioritize deleveraging.

To begin with, the company will augment cement volumes availability by approximately 2.4 million tpa.

The debottlenecking projects are on track which will increase the clinker capacity at Risda and Nimbol cement plants are on track. Furthermore, the blending unit at Bhiwani, Haryana will be upgraded to a grinding unit to leverage on the successful launch of Double Bull cement brand in North and the company’s existing channel in the region.

The prevailing infrastructure at site will help to expediate the commissioning of the projects with limited capex. The debottlenecking and upgradation projects will augment the collective volume availability by approximately 2.4 million tpa and involve a total capex of approximately Rs 400 crore.

The company 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 approximately Rs 50 crore.

The company will venture in a greenfield expansion of 6,000 tpd clinker capacity at Gulbarga in Phase-I with the architecture for higher capacity. The company already has operational limestone mine at the site.

The new facility will help expand company’s footprints in the Western and Central India markets. The capex for Phase-I of the project is approximately Rs 1,500 crore. The ground-breaking for the expansion project is set in FY23.