Adani Group's Next Cement Assets May Be India Cements & Nuvoco Vistas
India Cements and Nuvoco Vistas may be the Adani Group’s next purchases after concrete progress in the cement industry. With the signing of the agreement for the Adani Group to purchase Ambuja-ACC, Gautam Adani’s intention to make an important move in the cement industry is clear. The panel of Ambuja Cements approved an investment of Rs 20,000 crore into the firm through a preferential warrant allocation. Industry observers can see that the goal is to buy more cement assets, especially the smaller ones whose cost structures and market shares may now be under threat. The largest cement company in East India and the fifth-largest cement business in India in terms of capacity Building materials provider Nuvoco Vistas Corporation Limited (Nuvoco) strives to be a leading building materials company delivering superior performance and has a mission to create a safer, smarter and more sustainable world. Nuvoco member of Nirma Group, the largest corporate conglomerate in India, which entered the cement industry in 2014 by opening a brand-new cement plant in Nimbol, Rajasthan. After that, the company will expand through the purchases of NU Vista Limited (formerly Emami Cement Limited) in 2020 and Lafarge India Limited in 2016. Nuvoco’s growth trajectory is unique to the country. It has doubled its established capacity over the past five years as it scaled up its capacity over time, making it the fastest-growing cement company with a total of 23.82 MMTPA.
Tags : India Cements Nuvoco Vistas Adani Group purchase concrete progress Ambuja-ACC Gautam Adani cement company Emami Cement Limited