Nuvoco Vistas Share Price in Focus: Partners with CleanMax for Wind-solar Hybrid Renewable Energy Project

Nuvoco Vistas has signed agreements with Clean Max Enviro Energy Solutions to acquire a 26% stake in a special purpose vehicle that will set up the project at Bhikamkhore, Rajasthan, as per the exchange filing.  

The project will supply renewable power to Nuvoco’s cement operations. It will include 20 MW of wind power and 26.4 MWdc of solar capacity, along with a 2-MWh battery storage system.  

46.4 MW Wind-Solar Project in Rajasthan 

CleanMax will develop the project as an independent power producer. Once operational, it is expected to generate around 100 million units of renewable electricity every year. 

The power will be supplied to Nuvoco through the State Transmission Utility Open Access network.  

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Nuvoco to Acquire 26% Stake 

Nuvoco has signed a Share Purchase Agreement, Shareholder Agreement, Energy Supply Agreement and other related agreements with CleanMax. 

Under the deal, Nuvoco will acquire 26% of the share capital of Clean Max Ilgohp Private Limited, the SPV set up for the project.  

Project Expected to Cut Emissions 

The company expects the project to help avoid around 1,25,485 tonnes of CO₂ emissions every year across Scope 1 and Scope 2. 

Nuvoco said the project will increase the share of renewable power in its Rajasthan operations and reduce its use of conventional power.  

Read More: Government Unveils Digital Public Infrastructure Initiative for Tourism Sector! 

Nuvoco Vistas Share Price Performance 

As of September 29, 2026, at 3;05 PM, Nuvoco Vistas share price was trading at ₹330.45 per share, reflecting a 1.41% surge from the previous trading session. 

Conclusion 

Nuvoco Vistas has partnered with CleanMax for a 46.4 MW wind-solar hybrid project in Rajasthan and will acquire a 26% stake in the project SPV. The project will combine 20 MW of wind capacity, 26.4 MWdc of solar capacity and a 2-MWh battery storage system, with expected annual generation of around 100 million units of renewable electricity. 

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