Nava Bharat Ventures Ltd updates on operations of Maamba Collieries Limited

Nava Bharat Ventures Ltd's Zambian subsidiary had planned the major overhaul of the two units of 150 MW each, as mandated by the OEMs, sequentially in this calendar year. The major overhaul and resumption of generation of the first unit got delayed due to unforeseen damage to certain critical parts requiring replacement and extension of the outage. This Unit has since resumed generation by end of July 2021 and is in normal operation. As planned, the major overhaul of the second unit of 150 MW has now been taken up and is expected to be completed by end of October 2021.

Shares of Nava Bharat Ventures Ltd was last trading in BSE at Rs. 108.85 as compared to the previous close of Rs. 103.95. The total number of shares traded during the day was 74594 in over 1694 trades.

The stock hit an intraday high of Rs. 109.65 and intraday low of 104.9. The net turnover during the day was Rs. 8080499.

Source : Equity Bulls

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