Company Profile

NAVA BHARAT VENTURES LTD.

NSE : NBVENTURESBSE : 513023ISIN CODE : INE725A01022Industry : Power Generation/DistributionHouse : Nava Bharat
BSE53.301.85 (+3.6 % )
PREV CLOSE (Rs.) 51.45
OPEN PRICE (Rs.) 52.95
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 100857
TODAY'S LOW / HIGH (Rs.)51.95 55.00
52 WK LOW / HIGH (Rs.)32.4 95.2
NSE53.35 1.9 (+3.69 % )
PREV CLOSE(Rs.) 51.45
OPEN PRICE (Rs.) 51.85
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 53.35 (9337 )
VOLUME 1702782
TODAY'S LOW / HIGH(Rs.) 51.80 55.00
52 WK LOW / HIGH (Rs.)32 95.4

Company News

Date Heading Details
01-Jul-2020 Nava Bharat Ventures informs about disclosure <P align=justify>With reference to SEBI Circular No: CIR/CFD/DIL/3/2013 dated January 17, 2013 read with Circular CIR/CFD/DIL/7/2013 May 13, 2013 and other subsequent Circular on Amendments to SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999, Nava Bharat Ventures has informed that it has enclosed the relevant details in Annexure-III as per the prescribed format for the quarter ended June 30, 2020.<P align=justify>The above information is a part of company's filings submitted to BSE.&nbsp;
05-May-2020 Nava Bharat Ventures resumes operations of Power and Ferro Alloys <p align="justify">Nava Bharat Ventures has resumed its operations of Power and Ferro Alloys situated at Paloncha, Telangana and Dhenkanal, Odisha, after receiving the permissions with restrictions from the respective State Governments.</p><p align="justify">However, the operations of company's subsidiary, Nava Bharat Energy India (150 MW Unit) at Paloncha, Telangana continue to be under shut down, as there is no bilateral contract and there being no alternative viable market on the power exchange. </p><p align="justify">Nava Bharat Ventures operates in the business verticals of power generation, mining, ferro alloys and agri-business with multi-national operations spread over India, South East Asia and Africa.<br></p>
05-May-2020 Manappuram Finance, NTPC and Reliance Industries to see some action today <p align="justify"><strong>Manappuram Finance</strong> is planning to raise funds through the issuance of the Private Placement of Rated, Secured, Redeemable Non-Convertible Debentures (NCDs) for Rs 100 crore with an option to retain oversubscription upto Rs 400 crore aggregating to Rs 500 crore. In this regard, the meeting of the Financial Resources and Management Committee of the Board of Directors of the company will be held on May 08, 2020. </p><p align="justify"><strong>NTPC</strong> has resumed construction activities of the Telangana Super Thermal Power Project in Telangana after the Peddapalli District Administration gave permission following the guidelines issued by the Centre. While restarting the construction activities, the company has put in place stringent safety measures for the workers at the project site.&nbsp; The construction activities are carried out in a staggered manner in two-sifts to limit the number of people while maintaining social distancing norms at all work sites. The masks have been provided to all workers, employees and CISF personnel and sanitizers are placed at many places. </p><p align="justify"><strong>Reliance Industries</strong> and its partner BP Plc of UK have pushed back the start of production from the second wave of discoveries in their eastern offshore KG-D6 block to end June because of restrictions on movement of people and material the nationwide lockdown has imposed. At current Brent oil price of around $26 per barrel, the gas from R-Series field in KG-D6 block will cost about $2.2 per million British thermal unit - lower than even the government mandated rate of&nbsp; $2.39 for gas from state-owned ONGC fields.</p><p align="justify"><strong>Nava Bharat Ventures</strong> has resumed its operations of Power and Ferro Alloys situated at Paloncha, Telangana and Dhenkanal, Odisha, after receiving the permissions with restrictions from the respective State Governments. However, the operations of company's subsidiary, Nava Bharat Energy India (150 MW Unit) at Paloncha, Telangana continue to be under shut down, as there is no bilateral contract and there being no alternative viable market on the power exchange. </p><p align="justify"><strong>ICICI Bank</strong> is planning to raise fund by way of issuance of debt securities including non-convertible debentures/bonds/notes/offshore Certificate of Deposits in single/multiple tranches in any currency through public/private placement. The Board of the Bank at its meeting scheduled on May 9, 2020 will consider the same.</p><p align="justify"><strong>CEAT</strong> is able to partially resume its functioning at its plants located at Nasik, Nagpur (Maharashtra) and Halol (Gujrat), with restricted movement of manpower as prescribed, while taking all the necessary steps for ensuring complete sanitization and social distancing norms, with the various relaxations and guidelines issued by the Ministry of Home Affairs, Govt. of India. The company is taking all recommended precautions and preventive measures to ensure health and safety of its employees at all its offices located in the containment Zones or the Red, Amber and Green Zones, as per the advisories issued for the respective Zones.</p><p align="justify"><strong>Shalby</strong> has received permission from Gujarat state government to treat COVID-19 patients at Shalby Multi-Specialty Hospitals, Naroda, Ahmedabad and Shalby Multi-Specialty Hospitals, Navrangpura, Ahmedabad.<br></p><p align="justify"><br></p>
05-May-2020 Nava Bharat Ventures soars on resuming operations of Power and Ferro Alloys <div align="justify">Nava Bharat Ventures is currently trading at Rs. 36.80, up by 0.80 points or 2.22% from its previous closing of Rs. 36.00 on the BSE.<br></div><div align="justify"><br></div><div align="justify">The scrip opened at Rs. 36.40 and has touched a high and low of Rs. 38.00 and Rs. 36.40 respectively. So far 2221 shares were traded on the counter.<br><br></div><div align="justify">The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 110.00 on 28-May-2019 and a 52 week low of Rs. 32.40 on 24-Mar-2020.<br><br></div><div align="justify">Last one week high and low of the scrip stood at Rs. 41.00 and Rs. 36.00 respectively. The current market cap of the company is Rs. 628.76 crore.<br><br></div><div align="justify">The promoters holding in the company stood at 46.11%, while Institutions and Non-Institutions held 21.30% and 32.59% respectively.</div><div align="justify"><br></div><div align="justify">Nava Bharat Ventures has resumed its operations of Power and Ferro Alloys situated at Paloncha, Telangana and Dhenkanal, Odisha, after receiving the permissions with restrictions from the respective State Governments.<br><br></div><div align="justify">However, the operations of company's subsidiary, Nava Bharat Energy India (150 MW Unit) at Paloncha, Telangana continue to be under shut down, as there is no bilateral contract and there being no alternative viable market on the power exchange. <br><br></div><div align="justify">Nava Bharat Ventures operates in the business verticals of power generation, mining, ferro alloys and agri-business with multi-national operations spread over India, South East Asia and Africa.<br></div>
17-Mar-2020 Nava Bharat Ventures extends MOA with Tata Steel <p align="justify">Nava Bharat Ventures has extended Memorandum of Agreement (MOA) with Tata Steel through an Addendum agreement, for a further period of 12 months with effect from April 01, 2020 till March 31, 2021 without changes in other terms and conditions. The company had earlier announced regarding MOA with Tata Steel for conversion of Chrome Ore into Ferro Chrome. </p><p align="justify">Nava Bharat Ventures operates in the business verticals of power generation, mining, ferro alloys and agri-business with multi-national operations spread over India, South East Asia and Africa.<br></p>
06-Mar-2020 Morgan Stanley Asia sells 42.22 lakh shares of Nava Bharat Ventures <p align="justify">Morgan Stanley Asia (Singapore) Pte has sold 42.22 lakh shares of Nava Bharat Ventures for Rs 65.15 per share on the BSE on March 5, 2020. On the other hand, East Bridge Capital Master Fund has bought 42.36 lakh shares of the company at Rs 65.15 per share on the BSE on the same day.</p><p align="justify">Nava Bharat Ventures operates in the business verticals of power generation, mining, ferro alloys and agri-business with multi-national operations spread over India, South East Asia and Africa.<br></p>