NAVA Ltd announces maintenance shutdown of 150MW power plant of subsidiary

NAVA Ltd has announced the partial operation of 114 MW power plant (i.e., shut down of 2x32 MW and partial load of 50 MW) at Paloncha, Telangana, due to severe coal shortage with immediate effect.

The company also announced the major maintenance shutdown (the capital overhauling of Turbine and Generator) of 150 MW power plant of Nava Bharat Energy (India) Limited, the subsidiary of the Company situated at Paloncha, Telangana, with immediate effect till January 31, 2023, for better operational efficiency.

Shares of Nava Limited was last trading in BSE at Rs. 190.85 as compared to the previous close of Rs. 201.30. The total number of shares traded during the day was 194878 in over 4165 trades.

The stock hit an intraday high of Rs. 207.05 and intraday low of 189.10. The net turnover during the day was Rs. 38360050.00.

Source : Equity Bulls

Keywords

Nava INE725A01022 PowerPlant PartialShutdown MaintenanceShutdown 150MW Telangana