Summary
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); promoted by D. Subba Rao, P.Punnaiah and A.S.Chowdhri. The business division of the company encompasses Power Generation, Ferro Alloys and Sugar, mining activities & Bio Fuels. Apart from that NBVL shows interest in infrastructure projects also. The Companys workstations spread across the States of Andhra Pradesh, Telangana and Orissa.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 Tata Iron & Steel Company (TISCO) for supply of Ferro chrome. In the year 1997, an agreement was entered into with Energomach Export, Moscow, USSR, for the... Read More
Reports by Nava Ltd
Reports by Nava Ltd