Nava Bharat Ventures’ 300 MW Power plant of Maamba Collieries, the step down subsidiary of the company, has been in operation and has now achieved the provisional acceptance under the EPC Contract.
Following the Capitalization of the 300 MW Power Project upon provisional acceptance, its commercial operations will be consolidated in the company's Financials henceforth.
Nava Bharat Ventures 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.