You are here: Home » Markets » News
Business Standard

Nava Bharat Ventures surges 10% on heavy volumes

The company has achieved provisional acceptance of its 300 MW power plant.

SI Reporter  |  Mumbai 

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters
Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters

surged 10% to Rs 149 on BSE after the company said it has achieved provisional acceptance of 300 MW power plant of the step-down subsidiary of the company, Maamba.

“The 300 MW power plant of Maamba Collieries, the step-down subsidiary of the company, has been in operation and has now achieved the provisional acceptance under the EPC contract, the company said in a BSE filing.

Following the capitalisation of the 300 MW power plant upon provisional acceptance, its commercial operations will be consolidated in the company's financial henceforth, it added.

is a power focused company with interests in ferro alloys and sugar.

At 11:08 am; the stock was trading 8% higher at Rs 146, as compared to 0.43% fall in the S&P BSE Sensex. A combined 1.31 million shares changed hands on the counter on BSE and NSE so far.

First Published: Fri, July 28 2017. 11:10 IST
RECOMMENDED FOR YOU