Nava Bharat Ventures Limited Announces Director Appointments
August 06, 2018 at 11:23 am
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Nava Bharat Ventures Limited announced that the Board of Directors of the company at its meeting held August 06, 2018, approved the appointment of Mr. Kode Durga Prasad as Additional Director on the Board of the company with effect from August 6, 2018 under the category of Non-Executive and Independent, based on the recommendations of the Nomination and Remuneration Committee; the appointment of Mr. G. P. Kundargi as Additional Director on the Board of the company with effect from August 6, 2018 under the category of Non-Executive and Independent, based on the recommendations of the Nomination and Remuneration Committee. Mr. Kode Durga Prasad served in several government departments including Law and Order, State Intelligence, Anti-naxal operations, Training and Administration, Vigilance, State Electricity Transmision Corporation in Andhra Pradesh and in Special Protection Group and Central Reserve Police Force at the Centre. Presently he is serving as Advisor, Home Government of Andhra Pradesh for laying roads in interior-Naxal affected agency areas and is one of the Independent Directors of CCL Products (India) Limited. Mr. GP Kundargi held key positions in various capacities in Manganese Ore India Limited (MOIL) a Schedule-A Central Public Sector Enterprises (CPSE) under the Ministry of Steel, Govt of India and retired as CMD of MOIL. He has experience in all areas of corporate management of a large CPSE. Presently he is one of the Independent Directors of The Sandur Manganese And Iron Ores Limited.
NAVA Limited is an India-based ferro-alloy producer. The Company is primarily engaged in the business of manufacture and selling of ferro alloys, generation of power, and operation & maintenance services for power assets. The Companyâs segments include Ferro Alloys (FAP), Power, and Mining. Ferro Alloys (FAP) segment which produces various alloy metals through ferro chrome, silico manganese and ferro silicon and also carrying conversion work on job work basis to others. Power segment which generates thermal energy for captive use and also for outside sale. Mining Segment wherein coal is mined for captive use and also for outside sale. The Company produces and supplies approximately 200,000 tons of ferroalloys. It operates two Ferro alloy plants in India one in Paloncha, Telangana, and another in Kharagprasad, Odisha. Its subsidiaries include Nava Bharat Projects Limited, Nava Bharat Energy India Limited, Brahmani Infratech Private Limited, and Nava Bharat (Singapore) Pte. Limited.