Nirma Group’s Nuvoco Vistas acquires Gujarat-based Vadraj Energy in Rs 200 crore deal

In a strategic move, Nuvoco Vistas Corporation, the cement division of Nirma Group, has finalized an all-cash acquisition of Vadraj Energy, located in Gujarat, for Rs 200 crore. Nuvoco is eager to incorporate Vadraj’s power plants into its operations, a decision that promises to optimize energy usage across its cement facilities.

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