Shares of Nava Bharat Ventures were up 1.5% at Rs 165 on the Bombay Stock Exchange after the company signed an agreement with Tata Steel.
The company in a release said that it has entered into an agreement for renewal of Conversion arrangement of Chrome Ore into Ferro Chrome, with Tata Steel Limited for a period of 4 years commencing from April, 2016, to produce up to 70,000 MT of High Carbon Ferro Chrome per annum at its Odisha Ferro Alloy Plant.
The stock opened at Rs 165 and touched a high of Rs 171. At 12:10pm, over 149,000 shares were traded on both the stock exchanges.
