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CCI approves 100% acquisition of Emami Cement by Nuvoco Vistas Corporation Limited

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CCI approves acquisition of Emami Cement Limited by Nuvoco Vistas Corporation Limited

On May 21, 2020 The Competition Commission of India(CCI) has approved 100% acquisition of the total issued and paid-up share capital of Emami Cement Limited(ECL)on a fully diluted basis, by Nuvoco Vistas Corporation Limited(NVCL) for an enterprise value of Rs 5,500 crore. ECL is a part of the Emami group & NVCL is a Nirma promoter group company.

Major Highlights

i.This acquisition is Nirma’s 2nd cement acquisition in east India. In 2016, it acquired Lafarge India’s cement assets at an enterprise value of USD 1.4 billion. Lafarge India operated three cement plants and two grinding stations with a total capacity of around 11million tonnes per annum(mtpa)

ii.The sale of the cement business is part of Emami group’s plan to become debt-free. In 2019 the group’s founders sold 20% in their flagship household goods company, Emami Ltd, for Rs 2,830 crore as part of the plan.

iii.The Emami cement acquisition will bring NVCL’s total cement capacity in eastern, northern and western India to 23.5mtpa, including an ongoing capacity expansion project at its Jojobera plant and over 60 ready-mix plants.

iv.The combined operations will span three facilities in Chhattisgarh, two each in Rajasthan and West Bengal and one each in Bihar, Jharkhand, Odisha and Haryana.


i.NVCL operates cement manufacturing units in the states of Chhattisgarh, Jharkhand, West Bengal, Rajasthan and Haryana.

ii.It is engaged in manufacturing and sale of a variety of grey cements (including Portland Pozzolana cement, Portland Slag Cement and Ordinary Portland cement) and the sale of certain other value-added products like construction chemicals, wall putty, and cover blocks.

Headquarters- Mumbai, Maharashtra
Chairman– Hiren Patel


i.ECL owns & operates cement manufacturing units in  Risdah, Chhattisgarh, and grinding units in Bihar, West Bengal and Odisha with a total installed capacity of 8.3 million tonnes per annum and has mining leases in Chhattisgarh, Rajasthan and Andhra Pradesh.

ii.It engages in the manufacturing and sale of a variety of grey cements including Portland Pozzolana cement, Portland Slag Cement, Ordinary Portland cement and plain cement concrete i.e. composite cement & also manufactures and sells small quantities of clinker and ground granulated blast furnace slag.

Registered Office–  Kolkata, West Bengal
Whole-time Director and Chief Executive Officer(CEO)- Vivek Chawla

About Nirma:

Corporate office– Ahmedabad, Gujarat
Chairman– K. K. Patel

About Emami:

Registered Office–  Kolkata, West Bengal
Founder & Executive Chairman– R S Agarwal