Nava Bharat Ventures Limited

News
Board meets on 30th October, 2017 to consider UAFR for the Q2 ended 30.09.2017Click Here +

Board meets on 30th October, 2017 to consider Unaudited Financial Results for the Q2 ended 30.09.2017

The Board announced on August 09, 2017 Standalone and Consolidated UAFR for Q1 ended 30.06.2017Click Here +

The Board announced on 09th August, 2017 Standalone and Consolidated Unaudited Financial Results for Q1 ended 30th June, 2017.

Please see 'Financial Statements' under section “Investors” for full details.

The Board announced on May 27, 2017 Standalone and Consolidated AFR for Q4 and year ended March 31, 2017Click Here +

The Board announced on 27th May, 2017 Standalone and Consolidated Audited Financial Results for Q4 and year ended March 31st, 2017.

Please see 'Financial Statements' under section “Investors” for full details.

The Board announced on January 30, 2017 Standalone & Consolidated UAFR for Q3 ended 31.12.2016Click Here +

The Board announced on January 30, 2017 Standalone and Consolidated Unaudited Financial Results for quarter and nine months ended December 31, 2016.

Please see 'Financial Statements' under section “Investors” for full details.

Netmagic Futurist Award for IT Excellence in Manufactuing segmentClick Here +

Nava Bharat Ventures Limited has been accorded “Netmagic Futurist Award” for IT-Excellence in Manufacturing Segment by Netmagic, India’s leading Managed Hosting and Cloud service provider. It is an NTT Communications Company which is a part of NTT Group, a top 100 ranked corporation in Fortune Global 500.

The award focuses on deployment of Next Generation Business Application and Information Technology in the Manufacturing Segment and on excellence in Information Technology Services in other segments.

The Board announced on November 17, 2016 Standalone & Consolidated UAFR for Q2 ended 30.09.2016Click Here +

The Board announced on November 17, 2016 Standalone and Consolidated Unaudited Financial Results for quarter and half year ended September 30, 2016.

Please see 'Financial Statements' under section “Investors” for full details.

National Award for Energy Management from Confederation of Indian Industry (CII)Click Here +

The Ferro Alloy Plant & Power Plants in Odisha, the Sugar Division at Samalkot and the 150MW Power Plant at Paloncha have received "National Award for Excellence in Energy Management 2016" from Confederation of Indian Industry in the form of a Shield and a Certificate. While the Sugar Division and Odisha Works have received the award as "Excellent Energy Efficient Unit", the 150MW Power Plant at Paloncha is accorded "Energy Efficient Unit".

In addition, the Sugar Division’s project titled “Increased Juice Drainage Area for all the Mills to Improve Milling Efficiency” is accorded “The Innovative Project Award”.

Out of 264 units all over India, covering a wide spectrum of industries comprising automobile, engineering, cement, building, metal, paper, pharmaceutical, chemical, fertilizer and power that have applied for the award, only 141 units have been qualified for the competition. Out of these 141 units, 70 are accorded the Excellent Energy Efficient Unit award.

The Board announced UAFR for Q1 ended on 30th June, 2016Click Here +

Standalone - Net Profit after tax for Q1 - र 26.66 Crores (INR 266.60 Millions).

Consolidated - Net Profit after tax for Q1 - र 29.21 Crores (INR 292.08 Millions).

Please see "Financial Statements" under “Investors” for full details.

“Project Finance Deal of the Year” awarded by World FinanceClick Here +

The project finance transaction of Maamba Collieries Limited, a subsidiary of Nava Bharat (Singapore) Pte. Ltd. (NBS), has been accorded the “Project Finance Deal of the Year 2016” award by World Finance which is a multi-platform Media Company with over twenty years of experience, specializing in print, digital media, broadcasting and events across key financial sectors.

World Finance has commended the support that the project has gained from Chinese Banks and the new standards it has set in Sub Saharan African project finance deals. Citations given highlight the inter-stakeholder relations of the sponsors, the replicable models which the deal sets, not only for future power projects in Zambia, but also for power projects in Sub Saharan Africa and the impact of the deal on Zambia’s regulatory and legal framework.

NBS attended the award presentation & video interview at The London Stock Exchange studios. World Finance has uploaded the video interview on their Youtube channel which can be accessed by clicking on this link - https://www.youtube.com/watch?v=trvBBbb4cGk&feature=youtu.be.

A case study of the Project Finance Transaction has also been published by World Finance on their website as well as in the July-Aug 2016 edition of World Finance Magazine which can be accessed using this link - http://www.worldfinance.com/infrastructure-investment/project-finance/maamba-collieries-aims-to-bridge-the-power-shortfall-in-zambia

The Board announced Audited Financial Results for 2015-16 on 30th May, 2016Click Here +

Recommended a Dividend of 150% i.e. र 3/- per Equity Share of र 2/- each.

Board to meet later to deliberate on issue of Bonus Shares.

Consolidated Net Profit र 301 crores / INR 3013 Millions (Previous year र 206 crores / INR 2060 Millions).

Standalone Net Profit र 111 crores / INR 1112 Millions.

For further details, kindly refer "Financial Statements" under section “Investors”.

The Board announced on 11th February, 2016 Standalone UAFR for Q3 ended 31st December, 2015Click Here +

Net Profit after tax for Q3 ended 31st December, 2015 - र 2126 lakhs (INR 212.6 Millions).

Net Profit after tax for 9 Months ended 31st December, 2015 - र 5357 lakhs (INR 535.7 Millions).

Please see Financials Statements under “Investors" for full details.

Power Deal of the Year 2015 Award from PFIClick Here +

Project Finance International (PFI) of Thomson-Reuters, the leading source of global Project Finance Intelligence, has accorded “Power Deal of the Year 2015“ Award in Middle East and Africa to the project finance transaction of Maamba Collieries Limited (MCL). MCL, a step-down subsidiary of Nava Bharat Ventures Limited, is implementing an Integrated Coal & 300 MW Power Project in Zambia at an estimated outlay of US $ 843 Million.

PFI Awards are the most prestigious annual awards, spread over a wide spectrum of industries and across continents. MCL’s Award forms part of Roll of Honour announced by PFI.

The award will be presented at the Awards Dinner by PFI in London, when 800 of the world’s most senior and successful professionals gather to celebrate industry excellence across the world.

The Board announced on 09th November, 2015 Standalone UAFR for Q2 ended 30th September, 2015Click Here +

Net Profit after tax for Q2 ended 30th September, 2015 - र 1935 lakhs (INR 193.56 Millions).

Net Profit after tax for First Half Year ended 30th September, 2015 - र 3231 lakhs (INR 323.12 Millions).

Please see Financials Statements under “Investors" for full details.

AGM was held on 27th August, 2015 and all resolutions proposed are passed with requisite majorityClick Here +

Annual General Meeting was held on 27th August, 2015 and all resolutions proposed are passed with requisite majority.
For full details, please refer "Results of 43rd AGM held on 27th August, 2015 with Scrutinizer's reports" under Investors - Annual Reports.

The Board announced UAFR for Q1 ended on 30th June, 2015Click Here +

Net Profit after tax for Q1 - र 12.96 Crores (INR 129.55 Millions).
Please see "Financial Statements" under “Investors” for full details.

The Board announced Audited Results for 2014-15 and recommended dividend (250%) on 29th May, 2015Click Here +

Recommended Dividend for 2014-15 @ र 5/- (250%) per Equity Share of र 2/- each (Previous year also र 5/- per equity share).

Consolidated Net Profit for 2014-15: र 206.04 crores / INR 2060.42 Millions (Previous year र 279.90 crores / INR 2799.07 Millions.

Standalone Net Profit for 2014-15: र 142.47 crores / INR 1424.69 Millions.

Please see "Financial Statements" under “Investors” for full details.

The Board announced Standalone UAFR on 9th February, 2015 for Q3 ended 31st December, 2014Click Here +

Net Profit after tax for Q3 ended 31st December, 2014 - र 2951 lakhs (INR 295 Millions).

Net Profit after tax for 9 Months ended 31st December, 2014 - र 11807 lakhs (INR 1180 Millions).

Please see Financials Statements under “Investors" for full details.

The Board announced on 30th October, 2014 Standalone UAFR for Q2 ended 30th September, 2014Click Here +

Net Profit after tax for Q2 ended 30th September, 2014 - र 3231 lakhs (INR 323 Millions).

Net Profit after tax for First Half Year ended 30th September, 2014 - र 8855 lakhs (INR 885 Millions).

Please see Financials Statements under “Investors" for full details.

Namphak Power Company signs Concession AgreementClick Here +

The Government of Lao P.D.R. and Namphak Power Company Limited (NPCL) signed, on 2nd October 2014, the Concession Agreement (CA) to implement a run-of-the-river 150 MW Hydroelectric Power Project in Laos. Mr. Ashwin Devineni, Director of NPCL and Managing Director of Nava Bharat Lao Energy Pte. Ltd. which is a majority equity holder in NPCL, signed the CA on behalf of the company.

The project will be developed on Build, Own, Operate and Transfer (BOOT) basis, with a concession period of 27 years after Commercial Operation Date. The construction period envisaged is 4 years.


The Board announced UAFR for Q1 ended on 30th June, 2014Click Here +

Net Profit after tax for Q1 - र 56.24 Crores (INR 562.45 Millions).
(12% growth over corresponding previous period)

Please see "Financial Statements" under “Investors” for full details.

Postal ballot results declared on 26th July, 2014Click Here +

Postal ballot results declared on 26th July, 2014.
Please see "Postal Ballot" under “Investors” for full details.

Postal Ballot Notice and e-Voting from June 25, 2014 to July 24, 2014Click Here +

Postal Ballot Notice and e-Voting from June 25, 2014 to July 24, 2014.
Please see "Postal Ballot" under “Investors” for full details.

The Board announced Audited Results for 2013-14 and recommended dividend (250%) on 30th May, 2014Click Here +

Recommended Dividend for 2013-14 @ र 5/- (250%) per Equity Share of र 2/- each (Previous year also र 5/- per equity share).

Consolidated Net Profit for 2013-14: र 276.22 crores / INR 2762.23 Millions (before Minority interest) (Previous year र 170.61 crores / INR 1706.19 Millions - 62% growth over corresponding previous period).

Consolidated Net Profit for 2013-14: र 279.90 crores / INR 2799.07 Millions (after Minority interest) (Previous year र 190.36 crores / INR 1903.66 Millions - 47% growth over corresponding previous period).

Standalone Net Profit for 2013-14: र 193.09 crores / INR 1930.98 Millions.

Please see "Financial Statements" under “Investors” for full details.

The Board announced Standalone UAFR on 10th February, 2014 for Q3 ended 31st December, 2013Click Here +

Net Profit after tax for Q3 ended 31st December, 2013 - र 4940.00 lakhs (INR 494.00 Millions).

Net Profit after tax for nine months ended 31st December, 2013 - र 14682.18 lakhs (INR 1468.21 Millions).

Please see Financials Statements under “Investors

State Energy Conservation Award from NREDCAPClick Here +

The 114 MW Power Plant of Nava Bharat Ventures Limited at Paloncha bagged 2nd Prize at the “State Energy Conservation Awards 2013”, organized by New and Renewable Energy Development Corporation of AP (NREDCAP) for its energy conservation efforts. A “Silver Plaque” was awarded during Energy Conservation Day & Week celebrations organized at the Indian Institute of Engineers, AP State Centre, Hyderabad, on 20th December, 2013.

Pollution Control Appreciation Award from SPCB, OdishaClick Here +

The Ferro Alloy Plant and Power Plant of Nava Bharat Ventures Limited in Dhenkanal District, Odisha received “Pollution Control Appreciation Award 2013” in the form of a Shield and a Certificate in recognition of its effective pollution control measures and sound environment management practices from State Pollution Control Board (SPCB), Odisha.

The SPCB, Odisha gives Excellent and Appreciation Awards, for best performers in each category i.e. Industry, Mines, Health Care and Urban Local Bodies. Out of the total 8 Companies which participated, the Odisha Unit of Nava Bharat Ventures Limited won the Appreciation Award in the Industry Category.

The Award was given away by Mr. R.K. Sharma, Principal Secretary, Forest & Environment, Govt. of Odisha at the 30th Foundation Day Ceremony of SPCB, Odisha, on 14th September, 2013.

Kalinga Safety Award in “Power Category” at Odisha State Safety ConclaveClick Here +

The Power Plant of Nava Bharat Ventures Limited at Dhenkanal District, Odisha received the “Kalinga Safety Award 2012” (in the form of a Silver Plaque) in “Power Category” at the “Odisha State Safety Conclave 2013” organized by Institute of Quality & Environment Management System on 13th September.

Totally 51 units all over Odisha, covering a wide spectrum of industries comprising Steel/ Power/ Aluminum/ Construction/ Mining have applied for the award. The Power Plant, Odisha was chosen the best performer in the “Power Category” for its good safety practices.

The “Silver Plaque” was given away by Mr. Arun Kumar Sinha, IAS, Additional Secretary of Labour and Employment, Govt. of India in the presence of Director of Factories & Boilers, Odisha, on 13th September, 2013.

The Board announced Audited Results for 2012-13 and recommended dividend (250%) on 23rd May, 2013Click Here +

Recommended Dividend for 2012-13 @ Rs. 5/- (250%) per Equity Share of Rs. 2/- each (Previous year Rs. 4/- per equity share). Net Profit for 2012-13: Rs. 238.31 crores (INR 2383.12 Millions) (Previous year Rs. 180.80 crores (INR 1808.06 Millions) - 31.8% growth over corresponding period). Net Profit for Q4: Rs. 53.62 crores (INR 536.26 Millions). Please see "Financial Statements" under “Investors” for full details.

NBEIL commissions 150 MW Power Plant in A.P.Click Here +

The 1x150 MW Power Plant set up by on Nava Bharat Energy India Limited (a subsidiary of NBV), at Paloncha, Khammam district, A.P., has been commissioned and synchronised with A.P. Power Grid on 28th February, 2013.

NBV commissions 64 MW Power Plant in OdishaClick Here +

The 1x64 MW Power Plant set up by Nava Bharat Ventures Limited at Kharagprasad village, Dhenkanal district, Odisha, has been commissioned and synchronised with Odisha Power Grid on 26th February, 2013.

National Award for Excellence in Water Management from CIIClick Here +

The Power Plant of Nava Bharat Ventures Limited in Odisha bagged the National Award for Excellence in Water Management 2012 from Confederation of Indian Industry in the form of a Shield and a Certificate as “Excellent Water Efficient Unit”. This is the second consecutive year for the Plant to receive a prestigious national award for water management.

Out of 168 units from all over India, covering a wide spectrum of industries comprising automobile, cement, copper, engineering, fertilizers, infrastructure, paper, pharmaceuticals, steel, sugar, etc., only 32 units were shortlisted for final competition. Out of these 32 units, only 17 were awarded the status of “Excellent Water Efficient Unit”.

National Award for Energy Management from CII.Click Here +

The Sugar Division of Nava Bharat Ventures Limited at Samalkot has bagged, the “National Award for Excellence in Energy Management 2012” from Confederation of Indian Industry in the form of a Shield and a Certificate as “Excellent Energy Efficient Unit”. This is the sixth consecutive year for the Company to receive this prestigious national award.

In addition, the Company’s project on installation of vibro-screens for mixed juice for separation of fine bagacillo particles is accorded “The Innovative Project Award”. This award is received by the Company for the second time.

Out of 164 units all over India, covering a wide spectrum of industries comprising automobile, cement, infrastructure, paper, steel, engineering, copper, aluminum, textiles, sugar, etc. that have applied for the award, only 51units have been qualified for the competition. Out of these 51 units, 26 are accorded the Excellent Energy Efficient Unit award.

National Award for Environmental Best Practices from CII.Click Here +

The Ferro Alloy Plant and Power Plant of Nava Bharat Ventures Limited at Paloncha bagged, the CII Environmental Best Practices Award 2012 from Confederation of Indian Industry in the form of a Shield and a Certificate as “Most Innovative Environmental Project”. This is the second consecutive year for the company to receive this prestigious national award.

The company’s project was on utilization of waste heat available in the flue gases of submerged electric arc smelter for heating the boiler feed water and main condensate of its 32 MW Power Plant, for conserving coal.

A total of 127 companies from all over India participated in this competition with 250 projects covering a wide spectrum of industries. From these entries, 27 projects were shortlisted for final competition. Out of these 27 projects only 14 were awarded the status of “Most Innovative Environmental Project”. The company’s project was appreciated very well.