Nuvoco Vistas acquires Vadraj Energy for ₹200 crore
pre-market1 source ↓written by the desknot a recommendation
- deal
- ₹200 crore
- of Algebra Endeavour
- 100% of securities
Nuvoco Vistas Corporation has acquired Vadraj Energy from JSW Cement and Alpha Alternatives in a ₹200 crore deal. This acquisition includes 100% of securities of Algebra Endeavour, Vadraj's holding company. The power plants in Kutch and Surat will support Nuvoco's captive power needs, enhancing operational efficiency.
This strategic move may strengthen Nuvoco's position in the cement sector and improve its energy management.
Not investment advice. For informational purposes only.