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Nava Bharat Ventures’ arm concludes accession of debts worth $ 590 million

30 Jun 2016 Evaluate

Nava Bharat Ventures’ Zambian subsidiary, Maamba Collieries Limited (MCL) has concluded accession of additional long term debt. With this, MCL’s integrated coal and power project is funded, with long term external total debt of $ 590 million (including the debt of $ 515 million for which the financial closure was announced earlier).  

Following the disbursement of loan by the additional lender, MCL has repaid the sponsor bridge loan to Nava Bharat Group in full, pursuant to common terms agreement with the lenders.

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.

Nava Share Price

727.10 12.00 (1.68%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Indian Metal & Ferro 1546.10
Maithan Alloys 1022.70
Nava 727.10
Indsil Hydro Power 41.76
Shyam Century 5.82
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