Nirma Group company outbids Ambuja in insolvency sale of Vadraj Cement
Nirma Group-backed Nuvoco Vistas has offered ₹1,800 crore to acquire Vadraj Cement, outbidding Adani Group during a court-monitored corporate insolvency auction. The acquisition plan includes repaying financial creditors and operational costs. Approval from NCLT is awaited. Vadraj Cement's newly acquired plant will be operational by December 2026.
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