Arthneeti
Acquisition / mergerNotableFiled on BSE ·

Nuvoco Vistas partners with CleanMax for 46.4 MW hybrid renewable project

Nuvoco Vistas · Cement & Cement Products

What the filing says

  • Nuvoco acquired 26% stake in Clean Max Ilgohp Pvt Ltd to develop a 46.4 MW wind-solar hybrid project in Rajasthan.
  • Project includes 20 MW wind, 26.4 MWdc solar capacity, 2-MWh BESS, to generate ~100 MU annually, reducing ~1,25,485 tonnes CO₂ per year.
  • CleanMax has a 6.0 GW renewable portfolio as of June 30, 2026, CRISIL AA/Stable rated, serving ~600 customers including Apple, Amazon, Meta.

Why it's rated notable: Definitive agreements were executed today for a 26% stake in an SPV, but the filing states no investment amount and the project is 46.4 MW, so the deal is a small investment for a company with ₹11,594 crore annual revenue.

Original filing

Announcement under Regulation 30 (LODR)-Updates on Acquisition

Read the filing on BSE (PDF) →

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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.