Nuvoco Vistas to acquire Vadraj Energy from JSW Cement and Alpha Alternatives for INR2bn.

Nuvoco Vistas, a building materials company, agreed to acquire Vadraj Energy, an Indian power company, from JSW Cement, a cement manufacturer, and Alpha Alternatives, a multi-asset class asset management firm, for INR2bn. With the acquisition of Vadraj Energy, Nuvoco continues to advance its long-term vision of building a safer, smarter, and sustainable world, aligned with its commitment to execution excellence and future-ready growth.