Promoted by
Dr. D. Subba Rao,
Sri P.Punnaiah and
Sri A.S.Chowdhri in 1972, Nava Bharat Ferro Alloys Limited (NBFA) commenced operations in 1975 with the manufacture of
ferro silicon at Paloncha in Andhra Pradesh, a state in Southern India.
In the years to come, additional smelters were added to increase production capacity. A green field smelter was set up in the State of Orissa. The plants were assured of 100% captive power. The results followed – NBFA emerged as one of the
largest manufacturer exporters of ferro alloys in India.
In 1980, NBFA ventured into the production of
sugar and other by-products like rectified spirit and extra neutral alcohol.
NBFA’s foray into
power generation in 1997 began with the objective of self-sufficiency for its ferro alloy smelters, but the company envisioned a growing demand for energy in the future. This foresight witnessed the evolution of the company from a
producer of thermal power – intended for captive use – in 1997 to a
supplier of power to the grid. To make this possible, NBFA enhanced its capacity of thermal power generation.
A journey of exploration and innovation has no destination; it has only milestones. By 2005, NBFA outlined its presence in
infrastructure through special purpose vehicles that would focus on Special Economic Zones and Real Estate Development.
To represent better the diversified business activities, the name of the company was changed to
Nava Bharat Ventures Limited (NBV) in July 2006.
NBV spread its wings globally through overseas projects and trading activity controlled by
Nava Bharat (Singapore) Pte. Limited, a wholly owned subsidiary of NBV, functioning from Singapore.
The Group Headquarters is located in Hyderabad, India. Commitment to shareholdersNBV maintains a record of uninterrupted dividend payout since inception.
