Nava Bharat in talks with firms to co-develop logistics project near Andhra

Company's 2X60 MW-Kharagprasad power plant in Odisha is partly facing the problems

Nava Bharat Ventures Limited (NBVL) is in talks with potential partners for developing a new-age logistics and warehousing project in 200 acres of company-owned land near Kakinada in the upcoming Vizag-Chennai Industrial Corridor (VCIC).

The flagship company of multinational industrial group headquartered in Hyderabad, Nava Bharat chose this uncharted area as a part of its business consolidation plan to monetise or leverage the assets that currently remain idle, according to NBVL executive director G R K Prasad.

"We are currently talking to a big company for co-development among other options, involving our land at Dharmavaram where we have 200 acres