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Nuvoco Vistas Acquires Algebra Endeavour Power Assets from JSW Cement for Rs 191 Crore

Industrial Goods/Services

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Published on 18th November 2025, 6:51 AM

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Author

Akshat Lakshkar | Whalesbook News Team

Overview

Nuvoco Vistas Corporation is acquiring the entire stake in Algebra Endeavour from JSW Cement and Alpha Alternatives Holdings for approximately Rs 191.63 crore in cash. Algebra Endeavour, which owns power plants in Gujarat, will become a wholly owned subsidiary of Nuvoco Vistas and its facilities will be used for the company’s captive power consumption. JSW Cement stated that the divested division does not significantly contribute to its turnover or net worth.