Its revenue from operations was up 8.7% to ₹3,306.75 crore in the March quarter. It was at ₹3,042.25 crore in the corresponding quarter a year ago. Total expenses of Nuvoco Vistas were at ₹3,028.04 crore, up 7.27% in the March quarter of FY’26.
The company reported cement sales volume of 20.4 million metric tonnes (MMT) in FY26, registering a 5% year-on-year growth. Premiumisation improved to 43% in FY26, marking a 300 basis point year-on-year increase and maintaining an industry-leading level.
The company said the improvement was supported by growth in premium product brands, including Nuvoco Concreto and Nuvoco Duraguard, which continued to gain traction in the construction sector.
Nuvoco Vistas said its project execution at the Vadraj Cement facilities is progressing, with clinker and grinding units scheduled to be operationalised in phases starting from Q3 FY27.
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It stated that its planned 4 MMTPA expansion in the East is progressing well and is expected to be completed in phases by FY28. The expansion programme is expected to take the company’s total cement capacity to approximately 35 MMTPA.
Also, the board has approved the establishment of a bulk cement terminal at Viramgam, Sachana in Gujarat, with a handling capacity of approximately 1.5 million metric tonnes per annum (MMTPA).
The terminal will include a dedicated railway siding and will be designed for efficient unloading, storage, and dispatch of both loose and packed cement through streamlined operations.
The facility is planned as a strategic distribution hub to expand the company’s reach across the Gujarat market. Commissioning of the project is targeted for FY 2027-28.
Also Read: Nuvoco Vistas Q3 back in black with ₹49-cr net profit on record cement sales, premiumisation
Further, Nuvoco Vistas Corporation has approved an investment to acquire a 26% shareholding in Clean Max Ilghop Private Ltd, a special purpose vehicle (SPV) set up by Clean Max Enviro Energy Solutions Ltd, an independent power producer.
The investment will be made through execution of multiple agreements, including a shareholders’ agreement, share purchase agreement, energy supply agreement and power purchase agreement, for the development of a hybrid renewable energy supply plant at the Nimbol Cement Plant.
The cost of acquisition is up to ₹26 crore, and the transaction will be carried out in cash consideration. Post acquisition, Clean Max Ilghop Private Ltd will become a related party of the company by virtue of becoming an associate entity, although the transaction does not fall under related party transactions at the time of approval.
Clean Max Ilghop Private Ltd is engaged in electric power generation, transmission and distribution, with a focus on renewable energy solutions. The entity was incorporated on October 24, 2025, and reported nil turnover in the last three years. It is incorporated in India.
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Under the structure, Clean Max will be responsible for land acquisition, development, commissioning, and operation and maintenance of the project under a Build-Own-Operate-Transfer (BOOT) model. The project will operate for 25 years, with a lock-in period of 10 years.
On Monday (April 13), shares of Nuvoco Vistas Corporation Ltd ended at ₹305.55, down by ₹6.25, or 2.00%, on the BSE.
