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Nuvoco Vistas Corporation Limited ( (IN:NUVOCO) ) has provided an announcement.
Nuvoco Vistas Corporation Limited has announced the acquisition of Algebra Endeavour Private Limited, which is the holding company of Vadraj Energy (Gujarat) Limited. This strategic acquisition, valued at up to INR 200 crores, will enable Nuvoco to utilize Vadraj Energy’s power plants in Kutch and Surat for its captive power consumption, potentially enhancing operational efficiency and strengthening its market position.
More about Nuvoco Vistas Corporation Limited
Nuvoco Vistas Corporation Limited operates in the building materials industry, primarily focusing on cement and concrete products. The company is known for its extensive range of construction materials and has a significant presence in the Indian market.
Average Trading Volume: 37,301
Technical Sentiment Signal: Buy
Current Market Cap: 132B INR
Find detailed analytics on NUVOCO stock on TipRanks’ Stock Analysis page.