Nuvoco Vistas Corporation Ltd. Company History and Annual Growth Details

The Company was originally incorporated on February 8, 1999 as a private limited company under the Companies Act, 1956, with the name “Infra Cement India Private Limited” in Mumbai. Pursuant to the investment in the Company by the erstwhile shareholders in the year 1999 and the resolution dated May 19, 1999 passed by the Shareholders, the name of the Company was changed to “Lafarge India Private Limited”, and a fresh certificate of incorporation was issued upon the change of name by the RoC on May 25, 1999. Pursuant to Section 43A(1) of the Companies Act, 1956, the Company became a deemed public limited company with effect from November 2, 1999 and the certificate of incorporation of the Company was endorsed by the RoC to that effect, and this was noted in the resolution dated December 3, 1999 passed by the Board. Subsequently, pursuant to the resolution dated April 16, 2003 passed by the Shareholders, the status of the Company was changed from deemed public limited company to private limited company in terms of Section 43A(2A) of the Companies Act, 1956. Accordingly, the Company became a private limited company with effect from April 16, 2003 and the certificate of incorporation of the Company was endorsed by the RoC to that effect. Thereafter, pursuant to the resolution dated February 26, 2016 passed by the Shareholders, the Company was once again converted to a public limited company resulting in the change of name to “Lafarge India Limited” and a fresh certificate of incorporation was issued by the RoC on March 12, 2016. Pursuant to divestment by the erstwhile shareholders in the Company in the year 2016 and the resolution dated March 8, 2017 passed by the Shareholders, the name of the Company was changed to “Nuvoco Vistas Corporation Limited” and a fresh certificate of incorporation was issued by the RoC on March 10, 2017.

Major events and milestones of the Company :
1999
- The Company commenced its operations with the acquisition of the cement business of the Tata Iron and Steel Company Limited, including the Jojobera Cement Plant and Sonadih Cement Plant

2000
- The Company acquired the cement business of Raymond Limited, including the Arasmeta Cement Plant

2008
- The Company (through an erstwhile group entity) acquired the ready-mix concrete business of Larsen & Toubro Limited

2009
- The Company commissioned a new clinker line at the Sonadih Cement Plant
- The Company commenced operations at the Mejia Cement Plant

2010
- The Company (through an erstwhile group entity) commenced the supply of ready-mix concrete for World One building at Mumbai, Maharashtra

2012
- Inauguration of Construction Development & Innovation Centre (CDIC) at Mumbai, Maharashtra

2013
- The Company commenced operations at the Chittorgarh Cement Plant

2014
- The Company commenced operations at the Bhiwani Cement Plant
- The Company (through an erstwhile group entity) commenced the supply of ready-mix concrete to the metro railway project at Jaipur, Rajasthan
- The Company supplied concrete for the construction of Nazrul Tirtha at Kolkata, West Bengal
- The Company supplied concrete for the construction of the Swami Narayan Temple at Kolkata, West Bengal

2015
- The Company commenced the supply of concrete to the metro railway project at Noida, Uttar Pradesh

2016
- Nirchem Cement Limited, an erstwhile wholly-owned subsidiary of Nirma Limited, acquired all the Equity Shares held by Lafarge group in the Company

2017
- The name of the Company was changed to “Nuvoco Vistas Corporation Limited”
- The Company commenced the supply of concrete to the metro railway project at Mumbai, Maharashtra
- Nirchem Cement Limited, an erstwhile wholly-owned subsidiary of Nirma Limited, was amalgamated with the Company

2019
- The Company commissioned its first captive power plant and waste heat recovery power plant in the Chittorgarh Cement Plant

2020
- The Company acquired NU Vista as a wholly-owned subsidiary
- The cement undertaking of Nirma Limited located at Nimbol, Rajasthan was amalgamated with the Company