Nuvoco Vistas Partners With CleanMax For 46.4 MW Wind-Solar Project, Aims For 100 Million Units Annually

Mumbai - Nuvoco Vistas Corporation Ltd has announced a strategic partnership with CleanMax Enviro Energy Solutions Limited to acquire a 26% stake in Clean Max Ilgohp Private Limited. This acquisition is aimed at establishing a hybrid renewable energy supply plant in Bhikamkhore, Rajasthan. The project will include 20 MW of wind capacity and 26.4 MWdc of solar capacity, complemented by a 2-MWh Battery Energy Storage System.

The energy generated by this plant will be supplied to Nuvoco through the State Transmission Utility Open Access network. By implementing this project, Nuvoco aims to avoid approximately 1,25,485 tonnes of CO2 emissions annually. The collaboration between Nuvoco and CleanMax is expected to bolster the renewable energy share in Nuvoco's Rajasthan operations, enhancing long-term cost efficiency and reducing reliance on conventional power sources.

Jayakumar Krishnaswamy, Managing Director of Nuvoco Vistas Corp. Ltd., highlighted that this partnership will significantly bolster the renewable energy mix in Rajasthan, providing a stable and cost-effective energy supply. Kuldeep Jain, Founder and Managing Director of CleanMax, emphasized that the project ensures long-term cost certainty, supporting Nuvoco's transition towards cleaner energy sources.

In the financial year 2025-26, Nuvoco reported a total income of ₹11,362 crore, with the company set to achieve a total cement capacity of 35 MMTPA. Investors are advised to conduct their own risk assessments before making any investment decisions. This information is derived from the companies' exchange filings and is intended for informational purposes only.