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Nava Bharat Ventures Ltd.

BSE: 513023 Sector: Others
NSE: NBVENTURES ISIN Code: INE725A01022
BSE LIVE 10:22 | 12 Dec 140.40 0.40
(0.29%)
OPEN

141.00

HIGH

141.00

LOW

138.80

NSE 10:06 | 12 Dec 140.40 0.20
(0.14%)
OPEN

140.50

HIGH

141.40

LOW

139.00

OPEN 141.00
PREVIOUS CLOSE 140.00
VOLUME 7490
52-Week high 155.00
52-Week low 106.65
P/E 22.54
Mkt Cap.(Rs cr) 2,508
Buy Price 140.00
Buy Qty 50.00
Sell Price 140.40
Sell Qty 170.00
OPEN 141.00
CLOSE 140.00
VOLUME 7490
52-Week high 155.00
52-Week low 106.65
P/E 22.54
Mkt Cap.(Rs cr) 2,508
Buy Price 140.00
Buy Qty 50.00
Sell Price 140.40
Sell Qty 170.00

Nava Bharat Ventures Ltd. (NBVENTURES) - Company History

Nava Bharat Ventures Limited (NBVL), a well diversified multi product company was incorporated on 7th November 1972 under the name of Nava Bharat Ferro Alloys Limited (NBFA); it was promoted by D. Subba Rao, P.Punnaiah and A.S.Chowdhri. The business division of the company encompasses Power Generation, Ferro Alloys and Sugar & Bio Fuels. Apart from that NBVL shows interest in infrastructure projects also. The Company's workstations spread across Andhra Pradesh, Orissa and Chattisgarh. Committed to quality with sustainable development, NBVL have the certifications for the quality and an environmental management system under ISO 9001 and ISO 14001 respectively. The Company began its operations with manufacture of ferro silicon in 1975 at Paloncha in the State of Andhra Pradesh. In 1980, NBVL obtained Industrial and Import licences for the setting up of a furnace with a capacity of 2,500 tonnes per annum of calcium silicide. It diversified into production of Sugar and by products by the way of amalgamation of Deccan Sugar & Abkhari Company Ltd with effect from 10th December; DSA became the sugar division of the Company in the same year 1980. The Company obtained a letter of intent in the year 1989 for the manufacture of 55,000 TPA of silico manganese in the State of M.P and also in the same year, Andhra Foundry & Machine Company Ltd was amalgamated with the company. NBVL had diversified its product-mix during the year 1991 as well as entered into long-term arrangement with TISCO for supply of ferro chrome. In the year 1997, an agreement was entered into with Energomach export, Moscow, USSR, for the supply of machinery and technical know-how for the project to establish a unit for the manufacture of calcium silicide. The Company commenced Generation of Thermal Power, mainly for captive use in the identical year of 1997. During the year 1999, NBVL had embarked upon a major balancing-cum-expansion programme of its power plant located at Paloncha in Khammam district of Andhra Pradesh. The Company had shut down its Machine Building Division (MBD) in the year of 2002 at Nacharam near Hyderabad. A 30 MW Captive Power Plant at Dhenkanal, Orissa, of NBVL was commenced its commercial operations in the year 2004. In the year of 2005, the company made its foray into Infrastructure Projects as a diversified attention. To reflect properly the diverse business activities of the company, the name of the company was changed from Nava Bharat Ferro Alloys Limited to 'Nava Bharat Ventures Limited' (NBVL) in July of the year 2006. The Company conferred two awards in recognition of its efforts for optimal management of energy resources and environmental protection in the year of 2007, sugar factory at Samalkot was given 'excellent energy-efficient unit' by the Confederation of Indian Industry. During the same year of 2007, the company had decided to invest upto Rs 550 million for 51% equity stake in Brahmani Infratech, a SPV implementing SEZ (special economic zone) in Hyderabad. The Company's biogases based co-generation unit at its Samalkot sugar facility has been registered under the CDM (Clean Development Mechanism) program to achieve reduction of over 16,000 tons of CO2 p.a in July of the year 2008.