YEAR EVENTS 1972 - The Nava Bharat Ferro Alloys Limited (NBFAL) was incorporated. It was Promoted by Dr. D. Subba Rao, a doctorate in metallurgy, Sri P. Punnaiah, and Sri A.S. Chowdhri. The Company manufacture Ferro Silicon, calcium silicide, sugar, spirit and marine products. 1975 - The Company established a factory for the manufacture of ferro-silicon by the end of March. 1979 - 1,37,500 No. of equity shares issued at par. 1980 - Industrial and Import licences were obtained for the setting up of a furnace with a capacity of 2,500 tonnes per annum of calcium silicide. - The Deccan Sugar & Abkhari Company, Ltd., was amalgamated with the Company with effect from 10th December. Consequently, DSA became the sugar division of the Company. - In terms of the Scheme of Amalgamation, 3,64,928 No. of equity shares of Rs 10 each of the Company were allotted without payment in cash to the shareholders of DSA in the ratio of 1 equity share of the Company for every 5 equity shares of DSA. - 6,87,500 bonus equity shares issued in propn. 1:1. 1981 - 3,64,928 shares allotted to members of The Deccan 1. 1983 - Approval from Government was sought for the manufacture of 8,000 tonnes per annum of calcium carbide in the existing furnace after meeting the internal demand for calcium silicide. 1985 - A scheme of amalgamation of Beardsell Engineering Ltd., a subsidiary of Beardsell, Ltd., with the Company was submitted to the Central Government and to the High Courts of Andhra Pradesh and Tamil Nadu which was approved in 1986-87. - In terms of scheme of amalgamation, 48,000 No. of equity shares of the Company were allotted to the members of Beardsell Engineering, Ltd. without payment in cash in the proportion two equity shares of Rs 10 each of the Company to every equity shares of Rs 100 held in Beardsell Engineering Ltd. 1987 - During September, the Company issued 1,75,000 non-convertible debentures of Rs 100 each on private placement basis. These debentures were to be redeemed at a premium of 5% of the face value of each debenture at the end of the 7th, 8th and 9th year from the date of allotment. 1989 - The Company obtained a letter of intent for the manufacture of 55,000 TPA of silico manganese in the State of M.P. Also, another letter of intent was received for manufacture of 15,000 TPA of high carbon ferro chrome in the existing furnace at Paloncha intended for manufacture of calcium silicides as a measure of diversification. - The Company undertook to implement an expansion scheme for crushing 3000 tcd in a phase manner. - Effective from 1st April, Necessary approvals were received and the Andhra Foundry and Machine Co., Ltd. was amalgamated with the Company. As per the scheme framed by BIFR, shareholders of Andhra Foundry i.e. the amalgamating company were allotted 1 equity share of Rs 10 each of the company for every 15 equity shares of Rs 10 each held by them. - Accordingly 12,491 No. of equity shares were allotted. Also, the preference shareholders of the amalgamating Company were issued 35,000-14% cumulative redeemable preference shares of Rs 100 each of the Company which were to be redeemed in 3 equal annual instalments. 1991 - The Company diversified its product-mix as well as entered into long-term arrangement with TISCO for supply of ferro chrome. - The Company issued 2,00,000-18% secured redeemable non-convertible debentures of Rs 100 each on private placement basis with Canbank Mutual Fund. - They are redeemable at a premium of Rs 5 per debenture in three annual equal instalments on the expiry of 5th, 6th and 7th year respectively from the date of allotment of debentures i.e. on 15th October. 1995 - The Andhra Foundry and Machine Co., Ltd. is a subsidiary of the Company. - The Nav Chrome Ltd. proposed merger with the Company. - 42,48,417 Rights equity share of Rs 10 each for cash at a prem. of Rs 50 per share. 1996 - 28,33,419 No. of equity shares of Rs 10 each allotted as fully paid up persuant to schemes of amalgamation with Nav Chrome Ltd. without payment in cash. 1997 - The Electro-Metallurgical Division was severely affected by sluggish demand and poor offtake from domestic steel industry. - The Company undertook to establish a unit for the manufacture of calcium silicide. An agreement was entered into with Energomachexport, Moscow, USSR, for the supply of machinery and to provide the technical know-how for the project. - NFAL, one of the largest producers of ferro alloys in the country, hopes to reduce the energy cost of the project, which on achieving economies of scale after the merger of the group company, Nav Chrome Ltd, located in Madhya Pradesh, 1998 - NBFAL proposed to raise the money from shareholders on rights shares in four equal instalments of Rs.15 each. - The company proposes to allot them 12 per cent non-cumulative preference shares to the extent of reduction in the premium. 1999 - NAVA Bharat Ferro Alloys Ltd (NBFAL), a Hyderabad-based company engaged in the production of ferro alloys, sugar and power, has embarked upon a major balancing-cum-expansion programme of its power plant located at Paloncha in Khammam district of Andhra Pradesh. 2000 - Due to the fire accident that occurred in the 50MW power plant situated at Paloncha, Khammam district, AP, on August 8, one of the boilers in the power plant was damaged and generation of power reduced to 30 MW. 2002 -Nava Bharat Ferro Alloys Limited (NBFAL), ferro alloys manufacturer, has shut down its Machine Building Division (MBD) at Nacharam near Hyderabad 2003 --An accident has occured in the Ferro Alloys Plant of the NBFL at Paloncha on Oct 6 2003 -Deccan Sugars, a company of the Nava Bharat Ferro Alloys Ltd group, has entered the retail market by introducing branded sugar 2004 -Nava Bharat Ferro Alloys Ltd has informed that they have received intimation from the Madras Stock Exchange Limited approving the voluntary delisting of the Company's scrips from the Madras Stock Exchange Limited. -Nava Bharat Ferro Alloys Ltd has informed that the 30 MW Captive Power Plant at Dhenkanal, Orissa, of the Company has commenced commercial operations -Nava Bharat Ferro Alloys Ltd has informed that Andhra Pradesh Pollution Control Board, Hyderabad, in recognition of excellence for the good practices in Cleaner Production and Pollution Control, awarded Certificate to the Company's Plant located at Paloncha, Khammam District, on the occasion of "World Environment Day" June 05, 2004 2005 -Company has splits its Face value of Shares from Rs 10 to Rs 2 2006 -Nava Bharat to launch 64 MW power plant -Company has changed its name from Nava Bharat Ferro Alloys Ltd. to Nava Bharat Ventures Ltd. 2007 -Nava Bharat Ventures Ltd has appointed Sri. N Prakash as IDBI Nominee on the Board of Directors of the Company. 2008 -"Nava Bharat re-bagasse project registered for CDM Samlakot to achieve reduction of over 16,000 tonnes of CO2 p.a." -Nava Bharat Ventures Ltd has been awarded the Concession for undertaking the development of the Hyderabad Metro Rail (MRTS) Project -Companys Sugar Division received "National Award for Excellence in Energy Management 2008" 2009 -Company has recommended dividend, on Paid-up Equity Capital @ Rs 8/- per each equity share of Rs 2/- each 2010 -Company has been awarded 'SILVER TROPHY FOR TOP EXPORTER' in recognition of its outstanding contribution to Engineering Exports -Nava Bharat Ventures Limited has topped (Rank 1), a list of 500 of India's best-performing midsize enterprises in a survey -Nava Bha.Ven - National Award for Excellence in Water Management, 2010 as Water Efficient Unit, from CII 2011 -Appointed Sri T. Hari Babu, ACA, as Chief Financial Officer of the Company -Company has recommended dividend on Paid-up Equity Capital @ Rs. 6 per each equity share of Rs. 2/- each 2012 -National Award for Environmental Best Practices from CII. -"National Award for Excellence in Energy Management 2012" -1x64 MW Power Plant set up by Nava Bharat Ventures Limited 2013 - Nava Bharat Ventures Limited at Paloncha bagged 2nd Prize at the State Energy Conservation Awards 2013 - Nava Bharat Ventures Limited own State Energy Conservation Award from NREDCAP - Nava Bharat Ventures Limited in Dhenkanal District Odisha received Pollution Control Appreciation Award 2013 2014 - Board recommended a Dividend @ Rs. 5/- per each equity share of Rs. 2/- each. 2015 -Nava Bharat arm achieves financial closure; scrip jumps 20% 2017 -Nava Bharat Ventures received National Award for Significant Achievement in Corporate Social Responsibility. 2018 -Company has won the 'Best CSR Performer Award' in the segment of Large Industries for the financial year 2017-18 in the State of Telangana. 2021 -State Award for FTCCI Excellence Award-2021 for excellence in social welfare initiatives for women empowerment. -Nava Bharat Ventures ties up with CSIR-IICT. 2022 -Company name has changed to NAVA Ltd. from Nava Bharat Ventures Ltd..