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Hyderabad, Aug. 2

Nava Bharat Ventures recorded 7.5 per cent higher net profit at Rs 13.63 crore (Rs 12.69 crore) for the first quarter ended June 30, 2009 and the income was up 22.2 per cent at Rs 356.78 crore (Rs 291.86 crore) for the period. While the revenues and profit were boosted by the power sector operations, the focus of the ferro alloys business was on liquidation of inventory, the company stated. The company hinted that it would lay special focus on power business with new proje cts and expects to commence coal trading operations from its Indonesian mines.

— Our Bureau

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