Naruvizhi Powers signed a Term Sheet to acquire Windmill of Jayshree Chemicals at Coimbatore for INR 47 million on March 23, 2023. Agreement shall be signed in due course. Consideration receivable on or before April 15, 2023. As on March 31, 2022, The revenue of mill is INR 7.026 million and Net worth of INR 31.466 million. The transaction is expected to close on April 15, 2023.

Naruvizhi Powers cancelled the acquisition of Windmill of Jayshree Chemicals at Coimbatore on April 14, 2023.