| Ferro Alloys | Silico Manganese, Ferro Silicon production and sales for steel industry. | Established furnaces, long-term customer relationships, strategic location in Telangana and Odisha. | Steel manufacturing units (B2B) primarily in India and export markets. | Export sales of Ferro Silicon with superior margins. | 926 | 23 | Sales revenue from domestic and export orders, index-linked pricing contracts. | Spot and contract pricing with export incentives. | Rising steel production, export demand recovery, operational efficiency improvements. | Nava Ferro Alloys |
| Energy | Power generation through thermal and hydro plants, captive and merchant sales. | Long-term PPA agreements, captive coal supply, diversified power portfolio in India and Zambia. | Industrial users, utilities, power exchanges (B2B). | Merchant power sales during peak demand. | 2873 | 72 | Power sale contracts, merchant power trading, O&M service fees from subsidiaries. | Tariff-based contracts, bilateral agreements, merchant sales. | Increased plant load factors, new capacity addition, cost-effective coal sourcing. | Maamba Energy Limited, Nava Bharat Energy India Limited |
| Mining | Coal mining in Zambia and mineral exploration including manganese ore mining in Africa. | Strategic mining licenses in Zambia and Cote d'Ivoire, experienced mining operations team. | Power plants, industrial consumers, export markets (B2B). | Transfer pricing of coal to group power plants. | 172 | 4 | Coal sales to power plants and external buyers, mineral exploration revenues. | Spot and contract sales. | Stable external coal demand, mining cost efficiencies, mineral exploration potentials. | Maamba Mining, Nava Resources CI |
| Others | Agribusiness (avocado plantation, sugar), healthcare products distribution. | Exclusive distribution agreements, large-scale agro plantations with government support. | Consumers in India, Singapore, Malaysia; agricultural product buyers (B2B and B2C). | Niche healthcare product distribution. | 12 | 1 | Product sales, exclusive distribution contracts. | Sales and distribution margins. | Integrated agriculture projects, expanding healthcare product portfolio. | Nava Healthcare, Nava Agro |
