Nava Bharat Ventures Limited is an India-based company, which is engaged in the business of power generation, mining, ferro alloys and agri-business. The Company’s segments include Ferro Alloys, Power and Sugar. The Company operates in geographies regions across India, South-East Asia and Africa. The Company’s domestic operations include power, ferro alloys and sugar. The Company’s power plants in Andhra Pradesh, Telangana and Odisha have a total installed capacity of approximately 440 megawatt.
The Company manufactures Manganese Alloys and Chromium Alloys with a production capacity of approximately 200,000 tons per annum. The Company’s sugar plant, distillery, ethanol plant and co-gen plant is located in Samalkot, Andhra Pradesh. The Company’s international operations include power, mining and agri-business. In Zambia, the Company is engaged in the commercial production of coal and has around two units of 150 megawatt power plant under construction.
Nava Bharat Ventures reported a 32% drop in net profit to Rs. 29.2 Cr in Q1, as against Rs. 43 Cr in the same period last year. The Income from Operations went down by 9.3% to Rs. 313.7 Cr, from Rs. 346 Cr previously. Shares tanked by 6% during the day’s trade.
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