India's fifth-largest cement producer, has announced an investment of 2 billion rupees in East India to upgrade cement production capacity. The company plans to expand capacity by building a new grinding plant at Arasmeta Cement Plant in combination with its projects at Jojobera, Panagarh and Odisha plants. Through equipment upgrades, process improvements and internal optimization measures, Nuvoco plans to add 4 million tons per year of grinding capacity by the end of fiscal year 2027. Key milestones include the addition of 1 Mtpa in the third quarter of FY2026, 2 Mtpa at the end of FY2026 and 1 Mtpa in FY2027. With these upgrades, Nuvoco's cement capacity in East India will grow by more than 20% in the next 18 months, from 19 Mtpa to 23 Mtpa.
Nuvoco aims to reduce operating costs, increase plant utilization and scale up sustainably by upgrading facilities to better access the markets of East Madhya Pradesh, North East Pradesh, West Bengal and Odisha. Jayakumar Krishnaswamy, managing director of Nuvoco Vistas Corp, said: "With India's cement demand expected to grow at a compound annual growth rate of 7-8% in fiscal year 2025-2026, we are well positioned for a long-term growth trajectory.". Our recent acquisition of Vadraj Cement Limited, coupled with these strategic investments to enhance our existing facilities, is Testament to our relentless pursuit of maintaining a leadership position in East India while gaining a higher market share in the West and North Indian markets.
As of the first quarter of fiscal year 2026, Nuvoco has a cement capacity of 25 million tons per year and a clinker capacity of 13.5 million tons per year. The company's net profit for the first quarter of fiscal year 2026 rose several times year-on-year to Rs 1,331.6 crore, an increase driven by higher product premiums and trade sales. During the quarter, sales volumes rose 6% to 5.1 million tonnes.