Nava Bharat Ventures, Hyderabad-based company has started operations at its 2x150 MW (300 MW) power plant in Zambia. It is also planning to increase production of coal at the Maamba Collieries. The entity is likely to spend up to $750 million in the thermal power plant and coal mining activity. Funding for the project is being handled through banks based out there.
The company is engaged in power generation, sugar and ferro alloys and enlisted the services of a Chinese company, Sepco, to implement the power plant project, after securing various mandatory clearances from the Zambian Government. Nava Bharat Ventures is engaged in the manufacture, trading, and export of natural minerals, coke, ferro alloys, ores, and alloys in India and abroad.
Company Name | CMP |
---|---|
NTPC | 361.40 |
Tata Power | 434.75 |
Power Grid Corp | 312.80 |
Adani Power | 640.00 |
Torrent Power | 1341.85 |
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