Nava Bharat has debt of Rs 400 crore for India business and Zamibian asset has debt of $500 million.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 46.5 points or 0.43 percent. Nifty futures were trading around 10,779-level on the Singaporean Exchange.
IDBI Capital is bullish on Nava Bharat Ventures has recommended buy rating on the stock with a target price of Rs159 in its research report dated 10 August 2017.
Nava Bharat Ventures is in focus on the back of a mixed Q1. In an interview to CNBC-TV18, GRK Prasad, ED of the company spoke about the results and his outlook.
The company's 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.
L&T | ITC | ONGC | Idea | Claris Life | Duke Offshore | Dish TV | Sun Pharma and Nava Bharat Ventures are stocks, which are in news today.
Vijay Chopra of enochventures.com is of the view that one my stay with Nava Bharat Venture.
According to Prakash Gaba of prakashgaba.com, RBL Bank looks good and like Nava Bharat Ventures.
Nava Bharat Singapore Pte (NBS), the wholly owned subsidiary of the company, has successfully completed sale of 100 percent of the shares of Nava Bharat Lao Energy Pte (NBLE) and thereby its 70 percent shareholding in Namphak Power Co (NPCL).
The company has successfully completed "sale of 100 per cent of the shares of Nava Bharat Lao Energy Pte Ltd (NBLE) and thereby its 70 per cent shareholding in Namphak Power Co Ltd (NPCL), by Nava Bharat (Singapore) Pte Ltd (NBS)," Nava Bharat Ventures Ltd (NBVL) said in a BSE filing.
On September 30, 2016 HC Mauritius Limited sold 23,40,000 shares of Nava Bharat Ventures.
On September 27, 2016 HC Mauritius Limited sold 20,88,000 shares of Nava Bharat Ventures.
M&M | Lupin | Torrent Pharma | Cadila | Ahluwalia Contracts | RBL Bank | Jindal Stainless | Dalmia Bharat | Cenlub Industries | ARSS Infra | Maithan Alloys | Balaji Telefilms and Manpasand Beverages are stocks, which are in the news today.
GRK Prasad, Executive Director, Nava Bharat Ventures expects USD 220 million of revenue from Zambian project on an annual basis. He also expects net profit of USD 60 million for FY18.