NAVA BHARAT VENTURES LTD
Add to watch list to get report alerts
BSE Code:
513023
NSE Code:
NBVENTURES
Business Profile
Business Profile
Nava Bharat Ferro Alloys has business interests in power generation, ferro alloys, sugar and downstream products and infrastructure projects. It was incorporated in 1972.
The ISO 9001 and ISO 14001 certified company operates through its business divisions. The power generation division has pit head, coal-based thermal power plants in Andhra Pradesh and Orissa to supply power to ferro alloy smelters and sell surplus power to utilities. The Andhra Pradesh plant has a capacity of 82 MW (expands to 114 MW) and the Orissa power plant has a capacity of 30 MW (expands to 94 MW). A cogeneration power plant has a capacity of 9 MW using the bagasse produced by the sugar plant.
The ferro alloy division manufactures manganese, silicon and chromium alloys. Manufacturing units are located in Andhra Pradesh and Orissa. The Paloncha (Andhra Pradesh) plant has three smelters of 16.5 MVA capacity each and one smelter of 27.6 MVA with a total output capacity of 125,000 tons per annum. The Kharagprasad village (Orissa) plant has two smelters of 22.5 MVA capacity each with a total output capacity of 75,000 tons per annum. The company exports products to USA, Europe, Gulf, Japan, Korea, Indonesia, and others.
The sugar and bio fuels division has a 3,500 TCD sugar plant in Samalkotand, Andhra Pradesh with Deccan as its brand name. It encourages cane development with finance, drip irrigation, farm implements, enriched bio-earth, and ermin compost. The attached distillery produces 6 million bulk liters per annum of rectified spirit, which is further processed into ethanol and extra neutral alcohol.
The company has jointly promoted Malaxmi NBFA Ventures and subsidiaries include Brahmani Infratech, Nava Bharat Projects, Kinnera Power Company. The registered office of the company is at Nava Bharat Chambers, 6-3-1109/1, Raj Bhavan Road, Hyderabad-500082, Andhra Pradesh.
Financials
The company reported a growth in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company rose 34.27% to Rs 1,010.89 million from Rs 752.87 million in the same quarter last year. Net sales for the quarter rose 13.61% to Rs 2,863.21 million, while total income for the quarter climbed 12.27% to Rs 2,882.82 million, when compared with the prior year period. It posted earnings of Rs 12.98 a share during the quarter, registering 24.69% growth over previous year period.
Recent Developments
30-JAN-09
The company has announced that its subsidiary, Nava Bharat (Singapore) has concluded definitive agreements with a coal mine owner in Indonesia.