Nuvoco Vistas Enters Agreement to Acquire Algebra Endeavour for ₹200 Crore

Nuvoco Vistas Corp. Ltd has taken a key step to strengthen its energy backbone by agreeing to acquire Algebra Endeavour Private Limited. The move gives the company indirect ownership of power assets in Gujarat, improving long-term operational reliability. 

Acquisition Details 

Nuvoco will purchase 100% of Algebra Endeavour for up to ₹200 crore, including ₹191.63 crore payable to JSW Cement and ₹8.36 crore to Alpha Alternatives Holdings. The transaction is expected to close within 10 days after the fulfilment of agreed conditions.  

Algebra, incorporated in 2020, has no operating revenue and functions mainly as an advisory and investment company. After completion, it will become a wholly owned subsidiary of Nuvoco. 

Strategic Importance 

Through Algebra Endeavour, Nuvoco will Vadraj Energy (Gujarat) Limited, which operates power plants in Kutch and Surat, assets to support the company’s captive power requirements and improve energy security across its manufacturing network. 

Nuvoco Vistas Corporation Share Price Performance  

As of November 18, 2025, at 12:01 PM, Nuvoco Vistas Corporation Ltd share price is trading at ₹362.15 per share, reflecting a decline of 1.40% from the previous closing price. Over the past month, the stock has declined by 13.26%. 

Read More: Best Cement Stocks in November 2025 Based on 5-Year CAGR: Grasim, JK Cement, India Cements, and More! 

Conclusion 

The acquisition strengthens Nuvoco Vistas’ access to reliable power sources. With new energy assets coming under its fold, the company is positioned to enhance efficiency and operational stability across its business 

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