Growing
with Resilience
Shaping a new world at Nuvoco
Nuvoco is the fifth-largest cement group in India and among the leading cement players in East India in terms of capacity. It is also India’s leading Ready-Mix Concrete (“RMX”)manufacturer and Modern Building Materials (“MBM”) provider.
From the Chairman’s Desk
Nuvoco continues to be the fifth-largest cement group in India and one of the leading players in East India in terms of capacity. We are recognised as one of the fastest-growing cement companies in the country.
Managing Director’s Communique
In FY 2022-23, we maintained a comprehensive focus on operational excellence and financial prudence. This approach compelled us to modify our customer relationships, business model, and contract by renegotiating the way we do our business. We have maintained a clear focus to bring our debt to manageable levels and maintain a clear focus on financial stability.
All-round Progress
with Consistency
In FY 2022-23, we maintained a comprehensive focus on operational excellence and financial prudence. This approach compelled us to modify our customer relationships, business model, and contract by renegotiating the way we do our business. We have maintained a clear focus to bring our debt to manageable levels and maintain a clear focus on financial stability.
Total Revenue
Net Profit
Net Debt
Average Capacity Utilisation of
Cement Plants
Share of Premium Products in Trade
Volumes - Cement
Cement Sales Volume
Total Cement Manufacturing Capacity
Cement Plants across 7 States
Ready-Mix Concrete (“RMX”) Plants
Growth in RMX Revenue
Growth in Modern Building Materials (“MBM”) Revenue
Waste Heat Recovery Systems (“WHRS”) Capacity
Solar Power Plant Capacity
Captive Power Plant (“CPP”) Power Generation Capacity
CO2 Emissions per Tonne of Cementitious Materials
Specific Heat Consumption
Water Positive Index
GreenPro Certified by Indian Green Building Council (IGBC-CII) for Producing Ecodure Products (Green Concrete)
Cement to Clinker (C/K) Ratio
Thermal Substitution Rate (“TSR”)
Beneficiaries Impacted
Total CSR spend
Key Projects
Representation of Women among our KMP
Covered under Training for POSH and
Code of Business Conduct
Contributing to sustainable growth of the country
India’s cement industry continues to operate in a healthy environment for growth and expansion, despite facing short-term challenges over the past year in the form of increasing raw material, fuel, and distribution costs.
Delivering results with operational excellence
India’s cement industry continues to operate in a healthy environment for growth and expansion, despite facing short-term challenges over the past year in the form of increasing raw material, fuel, and distribution costs.
Setting ourselves apart
Operating in a highly regulated and highly competitive landscape, Nuvoco is positioned as one of the fastest-growing cement manufacturing companies. Based on our unique strengths, we are scaling our capacities and growing our relationships.
Driven by Customers Guided by Excellence
This commitment has resulted in a heightened emphasis on creating innovative products, refining processes, and advancing technologies.
Reinforcing Strength with Conviction
The foundation of our success is our strong focus on Values that helps us foster Entrepreneurship, Collaboration and Operational Excellence while upholding Integrity and Care at the core. Our focus on bringing on-board some of the finest talents across industries and providing them with a culture of continuous learning helps us drive the high-performance culture. Through our steadfast commitment and diligent efforts, we continuously develop and enhance our human capital.
How we deliver value
Financial
- Equity share capital ₹357.16 crores
- Total capital employed ₹13,719.72 crores
- Capital expenditure: ₹486 crores
- Net debt: ₹4,414 crores
Enhancing engagement with integrity
Our stakeholder engagement process is designed to ensure that the priorities and expectations of our key stakeholders are incorporated into our business strategy and decision-making process. Our primary objective is to address the concerns of our customers through our business activities.
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Contributing to sustainable growth of the country
India’s cement industry continues to operate in a healthy environment for growth and expansion, despite facing short-term challenges over the past year in the form of increasing raw material, fuel, and distribution costs.
-
Delivering results with operational excellence
India’s cement industry continues to operate in a healthy environment for growth and expansion, despite facing short-term challenges over the past year in the form of increasing raw material, fuel, and distribution costs.
-
Setting ourselves apart
Operating in a highly regulated and highly competitive landscape, Nuvoco is positioned as one of the fastest-growing cement manufacturing companies. Based on our unique strengths, we are scaling our capacities and growing our relationships.
-
Driven by Customers Guided by Excellence
This commitment has resulted in a heightened emphasis on creating innovative products, refining processes, and advancing technologies.
-
Reinforcing Strength with Conviction
The foundation of our success is our strong focus on Values that helps us foster Entrepreneurship, Collaboration and Operational Excellence while upholding Integrity and Care at the core. Our focus on bringing on-board some of the finest talents across industries and providing them with a culture of continuous learning helps us drive the high-performance culture. Through our steadfast commitment and diligent efforts, we continuously develop and enhance our human capital.
-
How we deliver value
Financial
- Equity share capital ₹357.16 crores
- Total capital employed ₹13,719.72 crores
- Capital expenditure: ₹486 crores
- Net debt: ₹4,414 crores
Championing sustainability with strong commitment
Nuvoco’s vision as an organisation is geared to help create a safer, smart and sustainable world. For us, therefore, being conscious about our environmental impact and acting with greater responsibility towards our stakeholders is our way of doing business.
We are consistently making progress on the ESG front by incorporating the necessary tools, systems, and processes to achieve our sustainability goals and accurately report our progress. Our senior leadership team at Nuvoco is closely involved in the implementation of our ESG agenda.
Our sustainability program called “Protect Our Planet” is an imperative of governance that has been transformed into a platform for environmentally responsible initiatives. The implementation of the program involves direct involvement from our Executive Leadership, showcasing that sustainability is not just a buzzword for us but rather the cornerstone of our endeavours to future-proof our Company.
