Nava Bharat Ventures - Diversified Play

This company was started in 1972 and was earlier known as Nava Bharat Ferro Alloys (NBFA). It ventured into the manufacturing of sugar and its related by-products in 1980. Later in 1997 it entered into power generation. Realising that there existed a huge gap between the demand and supply of power in the country, it decided to go beyond producing power for its own captive needs and began to develop capacity for supplying power to the grid. In 2005 the company ventured into the infrastructure space. Through special purpose vehicles it has entered into the development of special economic zones and other types of real estate. In July 2006 the company changed its name to Nava Bharat Ventures (NBV). It also set up