Nuvoco Vistas Corporation Limited has received a consolidated ESG rating of 63 from NSE Sustainability Ratings Analytics Limited for the financial year 2025. The cement company disclosed this development to stock exchanges as part of its regulatory compliance obligations.

ESG Rating Details

The rating assessment covers the company's performance across three key dimensions:

The ESG rating evaluates Nuvoco Vistas Corporation's performance on Environmental, Social and Governance parameters. NSE Sustainability conducted this assessment independently using data available in the public domain.

Regulatory Compliance

The company made this disclosure in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement follows SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024.

Report Availability

Nuvoco Vistas Corporation has made the ESG rating report available on its corporate website at www.nuvoco.com for stakeholder access. The company emphasized that NSE Sustainability prepared this report independently based on publicly available information.

The ESG rating disclosure demonstrates the company's commitment to transparency in sustainability reporting and adherence to regulatory requirements for listed entities.

Nuvoco Vistas Corporation Limited , a prominent player in the Indian cement industry, has made a strategic move to enhance its power generation capabilities. The company has signed a Securities Purchase Agreement to acquire 100% of the securities of Algebra Endeavour Private Limited from JSW Cement Limited and Alpha Alternatives Holdings Private Limited.

Key Details of the Acquisition

• Acquisition Target: Algebra Endeavour Private Limited
• Total Consideration: Up to INR 200 crores
• Payment Method: Cash
• Shareholding Acquired: 100%

Strategic Rationale

The primary objective behind this acquisition is to gain access to power plants located in Kutch and Surat through Vadraj Energy (Gujarat) Limited, a wholly-owned subsidiary of Algebra Endeavour. These facilities will be utilized by Nuvoco Vistas for captive power consumption, potentially leading to improved operational efficiency and cost management.

Financial Breakdown

The total consideration of up to INR 200 crores is divided as follows:

Transaction Timeline

According to the company's disclosure, the transaction is expected to be closed within 10 days from the date of completion of all conditions precedent outlined in the Securities Purchase Agreement.

About Algebra Endeavour

• Incorporation Date: November 10, 2020
• Business Activities: Providing advisory services and investment activities
• Recent Financial Performance: The turnover for Algebra Endeavour has been reported as nil for the last three years

Regulatory Compliance

Nuvoco Vistas has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has stated that no governmental or regulatory approvals are required for this acquisition.

This strategic acquisition aligns with Nuvoco Vistas' efforts to optimize its operations and potentially reduce power costs, which could contribute to improved profitability in the long term.