Nava Bharat Ventures gets provisional acceptance of 300 MW power plant
DSIJ Intelligence / 28 Jul 2017
In the wake of Nava Bharat Ventures obtaining provisional acceptance of its 300 MW power plant, its stock gained more than 2% during the early morning trade on Friday, on the BSE.
In the wake of Nava Bharat Ventures obtaining provisional acceptance of its 300 MW power plant, its stock gained more than 2% during the early morning trade on Friday, on the BSE.
A step-down subsidiary of the company, its 300 MW power plant of Maamba Collieries has been in operation, and has now achieved provisional acceptance under an EPC contract, the company said in a BSE filing post market hours on Thursday.
Following the capitalisation of the 300 MW power plant upon provisional acceptance, its commercial operations will be consolidated in the company’s financials henceforth, it said.
The 45th annual general meeting (AGM) of the company is scheduled to be held on August 9, 2017.
Nava Bharat Ventures was trading at Rs 136, up Rs 1.70 or 1.25% as at 1008 hours on Friday, on the BSE.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.