Nava Limited (NAVA.BO)
Nava Limited operates in the Conglomerates industry of the Industrials sector, headquartered in Hyderabad, TS, IN. The stock last traded at $574.00, down 0.95% on the session, giving a market capitalisation of $162.10B. Its beta of 0.33 implies it has historically moved less than the broad market.
Nava Limited, a diversified enterprise founded in Hyderabad, India, in 1972, conducts business across India and internationally. The company, which was rebranded from Nava Bharat Ventures Limited in July 2022, primarily operates in the ferro alloys, power generation, mining, healthcare, and agriculture sectors. Its ferro alloys division manufactures crucial metals like ferro and silico manganese, vital for applications in the automotive, railway, construction, and stainless steel consumer goods industries. In the power segment, Nava generates and sells electricity using various fuel sources including coal, biomass, biogas, and bagasse. Its portfolio includes coal-fired power plants in India, specifically 150 MW and 114 MW facilities in Paloncha, Telangana, and a 150 MW plant in Kharagprasad, Odisha. It also operates bagasse-based plants of 20 MW and 9 MW in Dharmavaram and Samalkot, Andhra Pradesh, respectively. Overseas, the company manages a 300 MW thermal power plant in Zambia and provides operation and maintenance services for power facilities. Nava's mining activities focus on coal extraction at the Maamba site in Zambia's Southern province. Within healthcare, the company runs a medical clinic in Singapore specializing in the management of iron deficiency through intravenous iron administration, and also engages in the in-licensing of pharmaceutical products. Additionally, Nava Limited has a presence in the agriculture business.
Nava Limited is most often compared with the following Industrials names: