NSEGeneral Updates29 Sept 2026 · 29 Sept 2026, 01:05 pm
General Updates
Nuvoco Vistas Corporation Limited · NUVOCO
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Nuvoco Vistas Corporation Limited has partnered with Clean Max Enviro Energy Solutions Limited to develop a 46.4 MW wind-solar hybrid renewable energy project in Rajasthan, which will supply cleaner power to Nuvoco's cement operations and support the company's decarbonisation strategy.
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Nuvoco Vistas Corporation Limited has informed the Exchange about General Updates
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Ref. No.: Sec/100/2026-27
September 29, 2026
BSE Limited The National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Dalal Exchange Plaza, C – 1, Block G, Bandra Kurla
Street, Fort, Mumbai – 400 001 Complex, Bandra East, Mumbai – 400 051
Scrip Code: 543334 Trading Symbol: NUVOCO
Scrip ID: NUVOCO Scrip Code: NVCL28 and NVCL77A
Dear Sir/ Madam,
Sub: Disclosure under Regulations 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (the “Listing Regulations”)
Pursuant to Regulation 30 of the Listing Regulations and with reference to our letter
Sec/08/2026-27 dated April 14, 2026, we hereby inform that upon finalisation of all the terms and
conditions, the Company has today executed Share Purchase Agreement and other definitive
agreements (viz., Shareholder Agreement, Energy Supply Agreement and other ancillary
agreements), with Clean Max Enviro Energy Solutions Limited for acquiring 26% of the share
capital of Clean Max Ilgohp Private Limited (“SPV”), for the purpose of setting up the hybrid
renewable energy supply plant at Bhikamkhore, Rajasthan.
The Press Release issued by the Company in this regard is enclosed.
The aforesaid information is also made available on the Company’s website at www.nuvoco.com.
We request you to take the above on record.
Thanking you,
Yours faithfully,
For Nuvoco Vistas Corporation Limited
Shruta Sanghavi
SVP and Company Secretary
Nuvoco Vistas Corp. Ltd.
Registered Office: Equinox Business Park, Tower-3, East Wing, 4th Floor, Off. Bandra Kurla Complex, LBS Road, Kurla (West), Mumbai-400070
Tel: +91 (0) 22 67692500 / +91 (0) 22 67692525 | Fax: +91 (0) 22 67692572 | website: www.nuvoco.com | CIN- L26940MH1999PLC118229
Press Release
Nuvoco partners with CleanMax for a 46.4 MW wind-solar hybrid renewable
energy project in Rajasthan
Comprises 20 MW of wind and 26.4 MWdc of solar capacity, with expected annual generation of approximately
100 million units (MU).
The initiative is expected to help avoid approximately 1,25,485 tonnes of CO₂ emissions annually (Scope 1 and
Scope 2)
Mumbai, September 29, 2026: Nuvoco Vistas Corp. Ltd. (“Nuvoco”), India’s trusted building materials Company, has
partnered with Clean Max Enviro Energy Solutions Limited (“CleanMax”), India's largest renewable energy solutions
provider for the commercial and industrial ("C&I") sector, for a 46.4 MW wind-solar hybrid renewable energy project
in Rajasthan. The initiative will support Nuvoco’s cement operations with cleaner power and strengthen the Company’s
long-term renewable energy and decarbonisation strategy. The project is intended to increase the share of renewable
energy in Nuvoco’s power consumption, thereby lowering fossil-fuel consumption and associated emissions.
The project will be developed at Bhikamkhore, Rajasthan by CleanMax, an Independent Power Producer (IPP). It will
comprise 20 MW of wind capacity and 26.4 MWdc of solar capacity including a 2-MWh Battery Energy Storage System
(BESS). Power generated from the project will be supplied to Nuvoco through the State Transmission Utility (STU) Open
Access network. The initiative is expected to help avoid approximately 1,25,485 tonnes of CO₂ emissions annually
(Scope 1 and Scope 2). Once operational, the hybrid project is expected to generate approximately 100 MU of
renewable electricity annually, while supporting Nuvoco’s long-term energy and sustainability objectives.
The initiative builds on Nuvoco’s ongoing efforts to reduce the carbon intensity of its manufacturing operations through
renewable energy, Waste Heat Recovery Systems (WHRS), energy-efficiency measures and increased use of alternative
fuels. The project further advances Nuvoco’s DIRE (Digitalisation, Innovation and Renewables) agenda, which provides
a structured pathway to drive climate action, renewable energy transition, water stewardship, circularity and
biodiversity conservation across its manufacturing ecosystem, while enabling more resilient, resource-efficient and
lower-carbon operations.
Commenting on the initiative, Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp. Ltd., said, “This
marks an important step in advancing Nuvoco’s journey towards more sustainable and resilient operations. Our
collaboration with CleanMax will increase the share of renewable energy across our Rajasthan operations, strengthening
our energy mix while improving long-term cost efficiency and reducing our dependence on conventional power sources.
Initiatives such as these reinforce our commitment to operational excellence and responsible growth, while supporting
our vision of Building a Safer, Smarter and Sustainable World.”
Kuldeep Jain, Founder and Managing Director, CleanMax, said, “Cement plants run continuously, so the power behind
them has to be dependable for decades, not years. We’re seeing manufacturing industries view clean energy as an
integral part of their core operations and long-term strategy. Our partnership with Nuvoco reflects that shift, and we’re
pleased to support its decarbonisation journey. This wind-solar hybrid project is designed to deliver long-term cost
certainty while supporting the Company’s transition to cleaner power.”
About Nuvoco Vistas:
Nuvoco Vistas Corporation Limited (“Nuvoco”) is a building materials company with a vision to build a safer, smarter, and sustainable world and
among the leading players in East India with strong presence in North and West India. Nuvoco started operations in 2014 with a greenfield cement
plant in Nimbol, Rajasthan, and subsequently acquired Lafarge India Limited, which entered India in 1999, and Emami Cement Ltd. in 2020 and Vadraj
Cement Limited in April 2025. Furthermore, the Company announced expansion in the East through a new grinding mill at the Arasmeta Cement Plant
complemented by a series of debottlenecking projects, including equipment upgrades, process improvements, and internal debottlenecking
initiatives. With this, Nuvoco is on track to achieve a total cement capacity of 35 MMTPA. The Company reported total income of Rs. 11,362 crore in
FY 2025-26, underscoring its strong and sustainable growth trajectory.
Nuvoco offers a diversified business portfolio in three business segments: Cement, Ready-Mix Concrete (RMX), and Modern Building Materials (MBM).
Nuvoco’s Cement product portfolio includes Concreto, Duraguard, Double Bull, PSC, Nirmax and Infracem brands that offer a complete spectrum of
Ordinary Portland Cement (OPC), Portland Slag Cement (PSC), Portland Pozzolana Cement (PPC) and Portland Composite Cement (PCC). Nuvoco’s
RMX business possesses a pan-India presence and offers value-added products under Concreto (Performance concrete), Artiste (Decorative concrete),
InstaMix (ready-to-use bagged concrete - the first-of-its-kind in the industry), X-Con (M20 to M60) and Ecodure (Special green concrete) brands. It is
also a proud contributor to landmark projects like the Mumbai-Ahmedabad Bullet Train; Birsa Munda Hockey Stadium (Rourkela), Aquatic Gallery
Science City (Ahmedabad), and Metro Railway projects in Delhi, Jaipur, Noida and Mumbai, among many others. Nuvoco’s MBM product portfolio,
under the ‘Zero M’ brands, comprises construction chemicals, tile adhesives, wall putty and cover blocks. Through the NABL-accredited Construction
Development and Innovation Centre (CDIC) based in Mumbai, Nuvoco identifies gaps in the marketplace and offers innovative products to meet
customer requirements.
About Clean Max Enviro Energy Solutions Limited:
Clean Max Enviro Energy Solutions Limited (NSE: CLEANMAX | BSE: 544717) ("CleanMax") is India's largest pureplay Commercial & Industrial ("C&I")
renewable energy company with more than 15 years of operations.
CleanMax's contracted renewable energy portfolio reached 6.0 GW as of June 30, 2026, with 79% of new contracted capacity driven by existing
customers, reflecting strong customer retention and long-term business visibility. The company today serves ~600 customers across
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