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Nava Bharat Ventures enters into agreement for sale of Sugar Division

04 May 2021 Evaluate

Nava Bharat Ventures has entered into a binding agreement for the sale of plant and equipment, excluding land, pertaining to Sugar Division. The company had earlier announced regarding cessation of operations at the Sugar Division of the Company situated at Samalkot, East Godavari District, Andhra Pradesh.

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.

Peers
Company Name CMP
Nava 534.90
Indian Metal & Ferro 1134.70
Maithan Alloys 843.05
Indsil Hydro Power 28.09
Chrome Silicon 38.90
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