References in periodicals archive ?
NBVL's subsidiary, NBPL, recently entered into an agreement with Essar Power Ltd to sell its stake in Nava Bharat Power Pvt Ltd (an SPV floated with Malaxmi group to undertake a 2250-MW greenfield thermal power project in Orissa) for a consideration of Rs.1.69 billion.
The NBVL group remains exposed to the cyclicality and regulatory risks in the ferroalloy and sugar industries.
CRISIL believes that the NBVL group will maintain its healthy financial risk profile and strong liquidity on the back of healthy cash accruals from the power business.
NBVL, incorporated in 1972 as Nava Bharat Ferro Alloys Ltd, began operations in 1975 with a small ferrosilicon manufacturing unit at Paloncha, Andhra Pradesh.
NBSPL was incorporated in 2004 to export NBVL's ferroalloy products, and later, became the holding company for the group's overseas expansions.
Acronyms browser ?
Full browser ?