Nava Bharat Ventures Limited is a major company of a multinational industrial group whose businesses diversified in Ferro Alloys, Power, Mining, Agribusiness and Healthcare Services spread over India, South East Asia, and Africa. Nava Bharat Ventures Limited was incorporated in India on November 7, 1972 under the Companies Act, 1956. The Company’s equity shares are listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Business area of the company
The company is engaged in the business of manufacture of ferro alloys, generation of power and rendering of operation and maintenance services from its principle place of business located in Paloncha, Hyderabad, Kharagprasad and Samalkot in the states of Telangana, Odisha and Andhra Pradesh, respectively.
Business verticals
- Ferro Alloys
- Energy
- Operation & Maintenance
- Mining
- Agribusiness
- Healthcare
Award
2014-15:
- Silver Award for Best Distillery in Andhra Pradesh for the Season 2013-14 from The South Indian Sugarcane & Sugar Technologists’ Association (Sugar Division received this award)
- 15th National Award for Excellence in Energy Management 2014 as Energy Efficient Unit from Confederation of Indian Industry (Odisha Works received this award).
- Certificate of Appreciation for Commendable Performance for the Season 2013-14 from The South Indian Sugarcane & Sugar Technologists’ Association, Chennai (Sugar Division received this award)
- Regional Export Award as Star Performer - Large Enterprise (Ferro Alloys) in recognition of outstanding contribution to Engineering Exports for 2012-13 from EEPCINDIA, Southern Region.
2015-16:
- National Award for Excellence in Energy Management 2015 as Energy Efficient Unit from Confederation of Indian Industry (Sugar Division received this award).
- “Pollution Control Excellence Award” under the category – Industry. The Company’s Unit in Odisha bagged this award from State Pollution Control Board, Odisha for the recognition of effective pollution control measures and sound environment management practices for the year 2015.
- “National Safety Council Award”
2016-17:
- National Award for Excellence in Energy Management 2016 as Excellent Energy Efficient Unit from Confederation of Indian Industry (The Odisha Works and Sugar Division received this award). NBVL’s step down subsidiary NBEIL received the award as Energy Efficient Unit
- Star Performer - Large Enterprise (Ferro Alloys) for Export Excellence for the year 2014-15 from EEPCINDIA, Southern Region
- Netmagic Futurist Award for IT - Excellence in Manufacturing Segment, focusing on deployment of Next Generation Business Applications, from Netmagic, India’s leading Managed Hosting and Cloud service provider
2017-18:
- CII-ITC Sustainability Awards 2017 - NBVL, Paloncha is awarded “Commendation for Significant Achievement in Corporate Social Responsibility”, for Commendable Results from Deployment of Policy and Processes on the journey to Excellence in Sustainable Business.
- Gold Award for Best Technical Efficiency in the State of Andhra Pradesh from South Indian Sugarcane & Sugar Technologists Association (SISSTA) for the season 2016- 17 (The award was received by Sugar Division).
- Silver Award for Best Co-generation in the State of Andhra Pradesh from South Indian Sugarcane & Sugar Technologists Association (SISSTA) for the season 2016- 17 (The award was received by Sugar Division).
- National Award for Excellence in Energy Management, 2017 for Excellent Energy Efficient Unit from Confederation of Indian Industry (The Power Plant – Odisha received this award under the category of Captive Power Plant).
2018-19:
- “Best CSR Performer” in the segment of Large Industry, by Industries and Commerce Department, Government of Telangana, at the “Industry Awards – 2018” function (Paloncha works received this award).
- National Award for Excellence in Energy Management, 2018 for Excellent Energy Efficient Unit from Confederation of Indian Industry (CII), Hyderabad (The Power Plant, Odisha, received this award).
- National Award for Excellence in Energy Management, 2018 for Energy Efficient Unit from Confederation of Indian Industry (CII), Hyderabad (Ferro Alloy Plant, Odisha, received this award).
- National Award for Excellence in Energy Management, 2018 for Energy Efficient Unit from Confederation of Indian Industry (CII), Hyderabad (The Sugar Division, Andhra Pradesh, received this award).
- National Award for Excellence in Energy Management, 2018 for Energy Efficient Unit from Confederation of Indian Industry (CII) (Eastern Region), Kolkata (Odisha works received this award).
- Golden Award for Best Co-Generation in AP for the season 2017-18 from South Indian Sugarcane & Sugar Technologists Association (SISSTA) (The Sugar Division, Andhra Pradesh, received this award).
- Silver Award for Best Technical Efficiency in AP for the season 2017-18 from South Indian Sugarcane & Sugar Technologists Association (SISSTA) (The Sugar Division, Andhra Pradesh, received this award).
2019-20:
- “Silver Award” for Best Co-Generation in Andhra Pradesh State from South Indian Sugarcane & Sugar Technologists Association (SISSTA) for the season 2018-19, at the 49th Annual Convention of SISSTA, held in Chennai.
- “Energy Efficient Unit” award under the category of Power Sector – Captive Power Plant, from Confederation of Indian Industry (CII), at the 20th National Award for Excellence in Energy Management.
- “Energy Efficient Unit” award under the category of Metal Sector, from Confederation of Indian Industry (CII) at the 20th National Award for Excellence in Energy Management.
Milestones
- 1975: Commenced production of ferro silicon at Paloncha, Telangana
- 1980: Diversified into production of sugar and downstream products at Samalkot, A.P. 1989: Commenced commercial production of manganese and chrome alloys
- 1997: Diversified into power generation by catering to captive requirements and selling surplus power.
- 2010: Acquired a large coal mining company (Maamba Collieries Limited) in Zambia.
- 2015: Financial closure for integrated coal and power project of Maamba Collieries Limited in Zambia
- 2016: Commissioned 300 MW power plant of Maamba Collieries Limited in Zambia.
- 2017: Commenced commercial operations of 300 MW power plant of Maamba Collieries Limited in Zambia
- 2017: Foray into Health Care Services in Singapore
- 2017: Established & commenced commercial operations of Ash Products Plant at Paloncha, Telangana
- 2018: Successful completion of first year Operations of 300 MW Maamba power plant
- 2019: The company made several rapid strides along several fronts, bagging a slew of industry honors and awards along the way
- 2020: Nava Bharat Ventures has entered into a Conversion Agreement with Tata Steel Mining (TSML), wholly owned subsidiary of Tata Steel (TSL), with which similar arrangement subsisted, for conversion of high carbon ferro chrome