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Nava Bharat Ventures reduces holding in KPCL to 26%

31 Jan 2013 Evaluate

Nava Bharat Ventures has reduced its holding in Kinnera Power Company (KPCL) to 26% pursuant to which KPCL has ceased to be a subsidiary company.

Nava Bharat Ventures 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.

Peers
Company Name CMP
Nava 545.95
Indian Metal & Ferro 1180.25
Maithan Alloys 882.35
Indsil Hydro Power 35.44
Chrome Silicon 41.62
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