Nava Bharat Ventures has entered into a Conversion Agreement with Tata Steel (TSL) for conversion of Chrome Ore into Ferro Chrome, and the arrangement will commence upon the receipt of ore and reductants from TSL during September.
The Agreement is initially up to the end of March 2016 and extendable on mutually agreed terms for a further period of four years and postulates that the entire smelting capacity of the Odisha plant is dedicated for TSL to produce up to 70,000 MT of High Carbon Ferro Chrome per annum.
Nava Bharat Ventures (NBV) 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.
