Nuvoco Vistas Corpor

** Nomura cuts PT on UltraTech Cement ULTC.NS to 13,900 rupees, UltraTech Cement, Ambuja Cement ABUJ.NS to 540 rupees, Shree Cement SHCM.NS to 28,000 rupees, Nuvoco NUVO.NS to 400 rupees

** Maintains Dalmia Bharat DALB.NS as its top pick with "Buy"

** Maintains "Reduce" on ACC ACC.NS; cuts PT at 1,250 rupees

** The industry has seen only a 16 rupees per bag hike in prices instead of the expected 18 rupees-20 rupees per bag to offset rising input costs, brokerage says

** Notes Indian cement industry has faced headwinds from election delays, extended monsoon, and Middle East-driven input cost inflation in the past few quarters

** Cuts FY27 and FY28 EBITDA estimates across cement stocks by an average of 10% to 15%

** Views cement demand as largely deferred rather than lost, believes improved profitability in FY28-29F as demand normalises and pricing discipline potentially returns

(Reporting by Mridula Kumar in Bengaluru)

(([email protected];))

** Shares of India's Nuvoco Vistas Corporation NUVO.NS rise 2.15% to 311.50 rupees

** Brokerages flag recent cement price hikes and better realisations supporting co

** Jefferies ('buy', PT: 410 rupees) says March-quarter EBITDA rose about 7% on improved realisations, while April price increases of 8–15 rupees per bag should partly offset fuel and packaging cost pressures

** HSBC ("buy", TP: 420 rupees) says price hikes in trade and non-trade segments help cushion inflationary pressures

** Citi ("buy", cuts TP to 400 rupees from 475 rupees) says better-than-expected realisations drove earnings outperformance

** Co reported March-quarter consolidated revenue of 33.07 billion rupees ($354.28 million) vs 30.42 billion rupees a year ago

** YTD, stock down 14.3%

($1 = 93.3437 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

April 14 (Reuters) - Nuvoco Vistas Corporation Ltd NUVO.NS:

• NUVOCO VISTAS CORPORATION MARCH-QUARTER CONSOL NET PAT 1.41 BILLION RUPEES

• NUVOCO VISTAS CORPORATION MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 33.07 BILLION RUPEES

Source text: ID:nBSE92TkbR

Further company coverage: NUVO.NS

(([email protected];))

** HSBC initiates Nuvoco NUVO.NS, JK Lakshmi Cement JKLC.NS with "Buy" and "Hold", respectively

** Retains "Buy" on UltraTech Cement ULTC.NS, Dalmia Bharat DALB.NS, Ambuja Cements ABUJ.NS

** Revises estimate for capacity additions in cement industry; sees it peaking in FY27 instead of FY26

** Expects sharp rise in pet coke, thermal coal prices due to Iran war leading to price hikes in April and May, with EBITDA/t improving from H2 FY27

** Sees steady demand growth of 5%-7% over FY26-FY30, supported by infrastructure spending

** Retains ratings on ULTC on falling debt levels, DALB on improved pricing in East, ABUJ on profitability as new capacity stabilises

** Assigns "Hold" to JKLC on industry-leading growth offset by current valuation, North market dynamics, increasing debt

** Assigns "Buy" on NUVO on expectations for East market improving as capacity additions slow

(Reporting by Mridula Kumar in Bengaluru)

(([email protected];))

Jan 15 (Reuters) - Nuvoco Vistas Corporation Ltd NUVO.NS:

• NUVOCO VISTAS CORPORATION DEC-QUARTER CONSOL NET PAT 490.5 MILLION RUPEES

• NUVOCO VISTAS CORPORATION DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 27.01 BILLION RUPEES

Source text: ID:nNSE35D1fv

Further company coverage: NUVO.NS

(([email protected];))

MUMBAI, Sept 17 (Reuters) - India's Nuvoco Vistas NUVO.NS plans to raise 6 billion rupees ($68.3 million), selling bonds maturing in three years, three merchant bankers said on Wednesday.

The company will pay an annual coupon of 7.70%, and has invited commitment bids from bankers and investors later in the day, they said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on September 17:

*Size includes base plus greenshoe for some issues

($1 = 87.8700 Indian rupees)

(Reporting by Dharamraj Dhutia)

(([email protected]))

** Nuvoco Vistas NUVO.NS rises ~2% to 464.9 rupees

** Citi likes cement maker's plan to add 4 MTPA capacity in eastern India for 2 billion rupees ($22.7 million); highlights shift in focus to volume

** Keeps "buy", PT at 475 rupees; says co's valuations largely inexpensive

** Adds slowing pace of capacity addition in the east indicates limited pricing pressure in medium-term

** NUVO is Citi's top pick among mid-cap cement stocks

** Stock rated "buy" on avg; median PT is 421 rupees, per data compiled by LSEG

** YTD, NUVO gains 32%

($1 = 88.0427 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

** Nuvoco Vistas Corporation NUVO.NS rises as much as 9.3% to 417 rupees, highest since October 6, 2022

** Cement co reports ~47x y/y rise in Q1 consol net PAT; rev rises ~9%, expenses up 1.9%

** Rev from larger cement segment jumps 9.4%; focus on premium products contributed to higher EBITDA of 5.33 bln rupees ($61.8 mln) vs year-ago 3.48 bln rupees

** Stock set to gain for fifth straight day

** Stock sees busiest day since September 17, 2024, with more than 5.4 mln shares traded, 16.6x their 30-day moving avg

** NUVO last up 3.5%, takes YTD gains to ~9%

($1 = 86.1880 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))

June 13 (Reuters) - Nuvoco Vistas Corporation Ltd NUVO.NS:

• NUVOCO VISTAS CORPORATION LTD - WEST BENGAL NOTIFIES REVOCATION OF INCENTIVE SCHEMES ACT 2025

• NUVOCO VISTAS CORPORATION LTD - REVOCATION ACT IMPACTS INCENTIVES OF 4.27 BILLION RUPEES AND 3 BILLION RUPEES

• NUVOCO VISTAS CORPORATION LTD - COMPANY FILES WRIT PETITION AGAINST REVOCATION ACT

Source text: ID:nBSEbLwvRP

Further company coverage: NUVO.NS

(([email protected];))

June 6 (Reuters) - Nuvoco Vistas Corporation Ltd NUVO.NS:

• NUVOCO VISTAS CORPORATION LTD - RECIEVES DEMAND ORDER WITH ENTRY TAX OF 34.9 MILLION RUPEES

Source text: ID:nBSE9zR17J

Further company coverage: NUVO.NS

(([email protected];))

** Shares of Nuvoco Vistas Corp NUVO.NS jump 7.9% to 344.60 rupees

** Cement maker's Q4 consol profit rises 65% Y/Y to 1.66 bln rupees ($19.8 mln)

** Q4 revenue up 3.7% Y/Y to 30.42 bln rupees

** Trading vols at 2.1 mln shares, 6x the 30-day average

** NUVO down ~2% YTD

($1 = 83.9300 Indian rupees)

(Reporting by Vijay Malkar)

(([email protected];))

May 1 (Reuters) - Nuvoco Vistas Corporation Ltd NUVO.NS:

• NUVOCO VISTAS CORPORATION MARCH-QUARTER CONSOL NET PAT 1.66 BILLION RUPEES

• NUVOCO VISTAS CORPORATION MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 30.42 BILLION RUPEES

Further company coverage: NUVO.NS

(([email protected];))

Jan 22 (Reuters) - Nuvoco Vistas Corporation Ltd NUVO.NS:

• NUVOCO VISTAS CORPORATION DEC-QUARTER CONSOL NET LOSS AFTER TAX 613.7 MILLION RUPEES

• NUVOCO VISTAS CORPORATION DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 24.09 BILLION RUPEES

Source text: [ID:]

Further company coverage: NUVO.NS

(([email protected];))

** Shares of Indian cement maker Nuvoco Vistas Corp NUVO.NS rise ~2%

** Co says it will acquire Vadraj Cement via insolvency route after latter's creditors approved NUVO's takeover bid

** Deal to strengthen east-focussed Nuvoco's reach in north and west markets - co

** Estimated date to start production at Vadraj plants: Q3FY27, basis National Company Law Tribunal approval

** Investec analysts say deal economics could be challenging, and transaction is "not so attractive" in oversupplied Gujarat market

** While co said deal won't spike its consol debt levels, Investec "struggles to see" co meeting its debt guidance factoring current demand/supply, pricing scenario

** Brokerage prefers Ambuja Cements ABUJ.NS, UltraTech Cement ULTC.NS and J K Cement JKCE.NS in the sector

** NUVO has risen 1.3% so far in 2025 after losing over 8% in 2024

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

** Shree Cement SHCM.NS falls 3.8% to 23,500 rupees, lowest since Aug. 21, 2023

** Cement maker's Q2 profit plunges 81% to 931.3 mln rupees ($11 mln), hurt by weak cement prices and demand; rev down 18% to 37.27 bln rupees

** SHCM sees busiest day in more than a week, with over 29,000 shares traded

** Stock rated "hold" on avg; median PT is 26,527.5 rupees - LSEG

** SHCM last down 1.5%, extending YTD fall to 15.9%

($1 = 84.3925 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Oct 23 (Reuters) - Nuvoco Vistas Corporation Ltd NUVO.NS:

• NUVOCO VISTAS CORPORATION SEPT-QUARTER CONSOL NET LOSS AFTER TAX 851.7 MILLION RUPEES

• NUVOCO VISTAS CORPORATION SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 22.69 BILLION RUPEES

Source text for Eikon: ID:nBSE4v36Jl

Further company coverage: NUVO.NS

(([email protected];))

Oct 7 (Reuters) - Nuvoco Vistas Corporation Ltd NUVO.NS:

• NUVOCO VISTAS CORPORATION LTD - SECURES KEY LIMESTONE BLOCKS IN RAJASTHAN

• NUVOCO VISTAS CORPORATION - BLOCKS HAVE LIMESTONE RESOURCES ESTIMATED AT 28.43 MILLION TONS

Further company coverage: NUVO.NS

(([email protected];))

** Nuvoco Vistas NUVO.NS climbs 5.3%, set for best day since Feb. 8, 2023

** Around 4.5 mln shares of the cement manufacturing co traded in a block at 352 rupees, a 0.3% premium to Monday's closing of 350.8 rupees

** Overall, more than 87 mln shares changed hands, 40x the 30-day avg

** NUVO rated "hold" on avg - LSEG

** Stock down 3.4% YTD

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

** Shares of Nuvoco Vistas Corp NUVO.NS fall 2% to 348 rupees

** The construction materials maker said on Wednesday its Q1 profit dropped 80%, rev from ops down 6%

** Co hurt by fall in demand for core cement segment

** Sixteen analysts covering the stock on avg have a "buy" rating; median PT is 389 rupees - LSEG data

** Stock down 9% so far this year

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

** India's southern cement market still offers high potential for inorganic expansion, followed by the west, says India Ratings & Research

** Two south India deals in June by market leader UltraTech Cement ULTC.NS and rival Adani Group heats up rivalry in the region

** Ratings agency pins consolidation potential on high fragmentation, presence of several small-to-mid sized players in these markets

** Adds, pan-India combined market share of top 5 players to rise to 68% by FY30 from 53% at FY23

** YTD ULTC, ABUJ, ACC have gained between 12.9%-32.8% while SHCM, DALB, NUVO down between 3.9%-19%

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

April 30 (Reuters) - Nuvoco Vistas Corporation Ltd NUVO.NS:

• TO FOCUS ON MARKET PRESENCE EXPANSION IN FY25

Source text for Eikon: ID:nBSEWdY4w

Further company coverage: NUVO.NS

(([email protected];))

** Indian cement makers volume growth likely slowed to 3%-5% in Q3 from ~15% in Q2 due to weak demand, labor shortages and state elections, says Nomura

** Estimates Dalmia Bharat DALB.NS, Ambuja ABUJ.NS saw no growth, while Nuvoco Vistas NUVO.NS vols shrank 10%

** Estimates Ramco Cements TRCE.NS and Shree Cement SHCM.NS recorded industry-leading 9%-10% growth

** Shares of Ramco and Shree Cement up ~1% each on the day, while UltraTech Cement ULTC.NS up 0.6%

** Nuvoco, Dalmia Bharat, Ambuja and ACC ACC.NS down 0.4%-1.5%

** Nomura adds cement prices moderated in Nov and Dec after record price hikes in Oct

** Brokerage has a "reduce" rating on Ambuja and ACC, and a "buy" rating on the other five stocks

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

** Shares of cement maker Nuvoco Vistas Corporation NUVO.NS rise as much as 3.6% to 384 rupees

** About 1.47 mln shares change hands at 371.15 rupees per share via block deal on Tuesday, as per LSEG data

** About 1.8 mln shares change hands, 7.5x its 30-day avg, in NUVO's most active trading session since May 2

** NUVO on track for third straight quarterly gain, if trend holds; up 1.5% for the quarter so far

** Average rating of 15 analysts covering the stock is "buy"; median PT is 412 rupees - LSEG data

** Including day's gains, stock up ~4% YTD

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

Dec 7 (Reuters) - Nuvoco Vistas Corporation Ltd NUVO.NS:

• SIGNED AGREEMENTS FOR ACQUISITION OF 26% EQUITY STAKE IN AMP ENERGY GREEN (C&I) TWO

• UNIT SIGNED AGREEMENT FOR DEVELOPING AND MAINTAINING A SOLAR POWER PLANT AT NVL'S ODISHA CEMENT PLANT

• COST OF ACQUISITION AT 7.8 MILLION RUPEES

Source text for Eikon: ID:nNSE4d2sYf

Further company coverage: NUVO.NS

(([email protected];))

** Shares of Ultratech Cement ULTC.NS, ACC ACC.NS, Ambuja Cements ABUJ.NS, Nuvoco Vistas Corporation NUVO.NS, Grasim Industries GRAS.NS rise between 0.4% and 5%

** Citi reiterates "buy" on cement makers' stocks

** ACC, ABUJ, ULTC, Shree Cement SHCM.NS and Dalmia Bharat DALB.NS will account for 84% additional supply over next four years - Citi

** Expects operating profit or earnings before interest, tax, depreciation and amortisation (EBITDA) per ton to expand in the second half of fiscal 2024

** Expects cement demand to grow at 10% in fiscal 2024; adds further demand growth will depend on utilisation levels

** ACC, ABUJ rise also in sync with the uptick in other Adani group companies

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Brokerage Nomura says Indian cement dealers expect "significant" demand uptick from December after festive season and state elections subdued volumes in October and first half of November

** Adds pan-India trade prices moderated by 7 rupees/bag led by price declines in all regions barring south

** Lower infra spend by states ahead of December elections affected demand in south India, some price reversal expected as players start to push for market share in H2FY24 - note

** Nomura analysts note festive, October price hikes weakened demand in north and west markets while central region lacking on crop failure in Madhya Pradesh

** Ban on construction activities in the Delhi NCR region hit demand, dealers expect recovery as labour unavailability eases post festivals - note

** Brokerage expects Nuvoco Vistas NUVO.NS and Dalmia Bharat DALB.NS to benefit the most from strong pricing in the east

** Prefer Shree Cement SHCM.NS and Nuvoco - Nomura

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

** Shares of India's Nuvoco Vistas Corp NUVO.NS up as much as 5.93% at 349.90 rupees, marking sharpest pct gain since June 2

** More than 901,000 shares of the cement manufacturer changes hands at 13:42 p.m. IST in a block deal at 338.10 rupees apiece - Refinitiv

** Mean recommendation of 18 analysts is "buy;" median TP is 407.5 rupees

Stock down over 7% this year

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

** Shares of cement manufacturer Ultratech Cement ULTC.NS down as much as 2.08% at 8,152.50 rupees; ULTC is top Nifty 50 loser

** Slide after brokerage UBS downgrades stock to "neutral" from "buy"

** UBS has an anti-consensus negative view of India's cement sector due to rising competition and expensive valuations

** "While we expect strong earnings in next two quarters for cement companies, any sharp uptick in stock prices could offer good opportunity to book profits"

** UBS also downgrades Ambuja Cements, Dalmia Bharat to "sell" from "buy"

** Global brokerage Nomura expects cement companies to report rising profitability per tonne of volume, prefers firms with large brownfield optionality and multi-region presence

** Shares of Dalmia Bharat DALB.NS, Nuvoco Vistas NUVO.NS, The Ramco Cements TRCE.NS, ACC ACC.NS, Shree Cement SHCM.NS and Ambuja Cements ABUJ.NS are down between 0.1% and 2%, respectively

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

NEW DELHI, June 28 (Reuters) - India has received bids from 22 companies, including Jindal Steel and Power JNSP.NS and Hindalco Industries HALC.NS, for the commercial extraction of coal from 18 thermal and coking coal mines, the Ministry of Coal said on Wednesday.

Most of the mines have reserves of thermal coal used in power generation, while one has the variety used in the process of making steel. Half of the mines are fully explored and the others partially, the ministry said in a statement.

The total capacity of the fully explored mines is 47.8 million tonnes per year.

The other bidders include Sunflag Iron and Steel SFLG.NS, miner NLC India NLCI.NS, the mining unit of power company NTPC NTPC.NS, and cement and ready-mix concrete company Nuvoco Vistas NUVO.NS.

The government wants private players to boost coal production in the country as power demand surges. State-run Coal India COAL.NS dominates coal mining in the country.

(Reporting by Sakshi Dayal; Editing by Krishna N. Das)

(([email protected];))