India: Nava Bharat Ventures’ revenue grows 65% y-o-y in FY22

The revenue of Nava Bharat Ventures Ltd, one of the largest ferro alloys producers, increased by 65% y-o-y to INR 1,756 crore in FY22. Out of this, revenue from ferro alloys sales increased by 50% y-o-y in FY22. The company’s revenue increased as a result of historically high prices and good export demand for ferro alloys, according to sources.