Nava
Nava Limited is an Indian-listed diversified holding company (ticker NAVA) operating thermal and solar power generation in Zambia via subsidiary Maamba Energy Limited, supplying electricity under long-term PPAs with state utility ZESCO, alongside coal mining and agricultural exports.
- Company typePublic
- Founded1972
- HeadquartersHyderabad, India
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Nava does
Nava Limited is an Indian-listed (NSE/BSE ticker: NAVA) diversified holding company founded in 1972 and headquartered in Hyderabad, operating across power generation, mining, ferro alloys, and agri-business. The company's core operating subsidiary is Maamba Energy Limited (MEL) in Zambia, which runs thermal power plants at a 97% plant load factor and supplies electricity under long-term power purchase agreements (PPAs) with the state-owned utility ZESCO. Nava is executing a significant capacity buildout: a 300 MW Phase-II thermal expansion (~$400M CapEx, expected online early 2027) and a 100 MW solar project (~$90M CapEx, commissioning July 2026) — together projected to add $195-216M in annual revenue.
The business model is a hybrid of contracted infrastructure and commodity sales. Power generation revenue is recurring and contracted via long-term PPAs with government utilities, providing visibility but concentrating exposure to a single counterparty. Agricultural operations — avocado exports and the Kawambwa Sugar Project — are transaction-fee in nature, sold to international buyers at market prices. The company also retains legacy coal mining operations through Maamba Collieries Limited. Nava reported FY2026 consolidated revenue of ₹4,290.92 crore (~7.72% YoY growth), consolidated net profit of ₹786.67 crore (down 27.93% YoY), and standalone net profit of ₹911 crore (up 116% YoY), reflecting an unusual divergence between the consolidated and standalone trajectories likely tied to MEL subsidiary performance. Recent capital allocation has prioritized growth CapEx, with the company declaring its highest-ever dividend of INR 8.55 per share alongside index inclusion in Nifty 500 and related benchmarks effective May 12, 2026.
Nava firmographics
Firmographics- Name
- Nava
- Legal name
- Nava Limited
- Website
- https://navalimited.com
- Company type
- Public
- Founded year
- 1972
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Nava Limited is an Indian-listed diversified holding company (ticker NAVA) operating thermal and solar power generation in Zambia via subsidiary Maamba Energy Limited, supplying electricity under long-term PPAs with state utility ZESCO, alongside coal mining and agricultural exports.
- Ownership category
- akta.pro rank
Where Nava is headquartered
LocationHeadquarters
- HQ city
- Hyderabad
- HQ country
- India
- HQ region
- Asia
Markets served
Nava business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Supply Chain, Personnel, Technology or R&D
Revenue model
- Electricity Generation - Thermal: Revenue from thermal power generation through Maamba Energy Limited (MEL) in Zambia. MEL operates power plants at high capacity factors and sells electricity under power purchase agreements. The 300 MW Phase-II expansion will significantly increase generation capacity.
- Electricity Generation - Solar: Revenue from 100 MW solar power project in Zambia. Expected to generate $15-16 million annually when fully operational. Commissioning targeted for July 2026.
- Agricultural Exports: Revenue from agricultural operations including avocado exports and Kawambwa Sugar Project. Diversification into agriculture alongside power generation business.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels1 record
Nava product offering
Product offeringCore offering
Nava Limited generates and sells electricity through thermal and solar power generation assets in Zambia operated by its subsidiary Maamba Energy Limited (MEL), alongside coal mining operations through Maamba Collieries Limited and agricultural exports including avocados and sugar from the Kawambwa Sugar Project. Electricity is sold under long-term power purchase agreements with Zambia's state utility ZESCO, while agricultural products are exported directly to international buyers.
Product overview
Nava Limited is an Indian diversified conglomerate operating primarily in the energy and mining sector through its subsidiary Maamba Energy Limited (MEL) in Zambia. The company's core offerings include thermal and solar power generation (a 300 MW thermal expansion and 100 MW solar project), coal mining operations through Maamba Collieries Limited, agricultural ventures including the Kawambwa Sugar Project and avocado exports. The company generates revenue primarily from power generation, coal mining, and agricultural exports, with operations concentrated in Zambia and corporate functions in India.
Differentiator
Problem solved
Functional benefit
Products and services
- Maamba Energy Limited (MEL) Thermal Power Generation
- Solar Power Generation (100 MW)
- Coal Mining (Maamba Collieries Limited)
- Kawambwa Sugar Project
- Avocado Exports
- Ferro Alloys Production
Quantifiable outcome
- MEL power plants operating at 97% plant load factor
- +3 more outcomes
Companies that use Nava
Customer profileSegments2 records
Ideal customer profiles2 records
Nava technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Nava partnerships and signals
Strategic signalScale indicators8 records
Recent moves6 records
Expansion highlights5 records
Nava competitors and assessment
Company assessmentMarket position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key highlights6 records
Customer concentration
Nava social profiles
Digital presenceNava financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nava leadership team
Management profileNumber of profiles
Nava subsidiaries and ownership
Company hierarchySubsidiaries1 record
Nava funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nava M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nava
What does Nava do?
Nava Limited generates and sells electricity through thermal and solar power generation assets in Zambia operated by its subsidiary Maamba Energy Limited (MEL), alongside coal mining operations through Maamba Collieries Limited and agricultural exports including avocados and sugar from the Kawambwa Sugar Project. Electricity is sold under long-term power purchase agreements with Zambia's state utility ZESCO, while agricultural products are exported directly to international buyers.
Is Nava a public or private company?
Nava is a public company. It is classified as public and is currently operating.
When was Nava founded?
Nava was founded in 1972. It employs 1,001 to 5,000 people.
Where is Nava based?
Nava is headquartered in Hyderabad, India, in the Asia region.
How does Nava make money?
Three revenue lines are on record. Electricity Generation - Thermal is the primary driver. The others are electricity Generation - Solar and agricultural Exports.
Does Nava have an API?
No public API is recorded for Nava.