Nuvoco Vistas Ltd ( formerly called Lafarge India)
During July of 2016 the Gujarat based detergent and chemical major Nirma, astounded the Indian Cement Industry by outbidding rivals JSW Cement & Piramal Enterprises to acquire the Lafarge India business which has a total capacity of approx. 11 million tonnes per annum.
Ahmedabad based billionaire industrialist Karsanbhai Patel who founded the Nirma Group is betting heavy on the Indian cement sector and is gearing up for a massive IPO of its cement arm Nuvoco Vistas Ltd ( formerly called Lafarge India) which houses the Lafarge assets. This is seen by cement industry insiders as part of its next major move in the cement segment after the $1.4bn buyout of Lafarge India's assets in 2016.
Nuvoco Vistas Ltd ( formerly called Lafarge India), has six plants in Chhattisgarh, Rajasthan, Jharkhand, Bengal and Haryana presently running at 95 % cement capacity utilization. In addition to the six plants, the standalone cement unit in Rajasthan has a capacity of around 2 MPTA.
Care Ratings independent cement sector update released earlier in May 2018, states "with two major states (Rajasthan and Madhya Pradesh) going into Assembly elections followed by General Elections in 2019, the demand from infrastructure and construction is expected to peak in the central, eastern and western regions of India. Utilization in cement capacity across regions is expected to improve during the year to around 67%. Housing and real estate segment demand is expected to grow by around 6-7% whereas demand from Infrastructure segment is expected to grow by 8-10%."
During July of 2016 the Gujarat based detergent and chemical major Nirma, astounded the Indian Cement Industry by outbidding rivals JSW Cement & Piramal Enterprises to acquire the Lafarge India business which has a total capacity of approx. 11 million tonnes per annum.
Ahmedabad based billionaire industrialist Karsanbhai Patel who founded the Nirma Group is betting heavy on the Indian cement sector and is gearing up for a massive IPO of its cement arm Nuvoco Vistas Ltd ( formerly called Lafarge India) which houses the Lafarge assets. This is seen by cement industry insiders as part of its next major move in the cement segment after the $1.4bn buyout of Lafarge India's assets in 2016.
Nuvoco Vistas Ltd ( formerly called Lafarge India), has six plants in Chhattisgarh, Rajasthan, Jharkhand, Bengal and Haryana presently running at 95 % cement capacity utilization. In addition to the six plants, the standalone cement unit in Rajasthan has a capacity of around 2 MPTA.
Care Ratings independent cement sector update released earlier in May 2018, states "with two major states (Rajasthan and Madhya Pradesh) going into Assembly elections followed by General Elections in 2019, the demand from infrastructure and construction is expected to peak in the central, eastern and western regions of India. Utilization in cement capacity across regions is expected to improve during the year to around 67%. Housing and real estate segment demand is expected to grow by around 6-7% whereas demand from Infrastructure segment is expected to grow by 8-10%."
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