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NRN Infrastructure is investing in three companies.

Kathmandu. NRN Infrastructure Manda Development Limited has decided to invest in two hydropower projects and one cable industry. The company will invest a total of Rs 1.29 billion in three companies.

TAG_OPEN_div_22 The board of directors of the company has taken an in-principle decision to invest in all three companies and projects. The board of directors of the company has taken a decision regarding this investment in the meeting held on October 11. The largest share of the proposed investment will be in the Dudhkoshi-2 hydropower project.

NRN Infrastructure has decided to invest Rs 1 billion in the 70 MW Dudhkoshi-2 hydropower project being promoted in Solukhumbu district. The company has decided to buy 10 million units of shares in the project promoted by Dudhkoshi Hydropower Nepal Limited.TAG_OPEN_div_20

Similarly, the company will invest Rs 200 million in the 63 MW Chhujung Khola Hydropower Project. NRN Infrastructure will buy 20 lakh shares in the project promoted by Sanigard Energy Limited.TAG_OPEN_div_18

TAG_OPEN_div_16 The company has also decided to invest in Annapurna Rathi Cables Industries Limited. The company will invest Rs 9.97 crore to buy 2,85,000 shares of the Morang-based company.

According to the company’s decision, Rs TAG_OPEN_div_14 1 billion will be invested in Dudhkoshi-2 Hydropower Project, Rs 200 million in Chhujung Khola Hydropower Project and Rs 99.75 million in Annapurna Rathi Cables Industries. In this way, the total proposed investment of the company in all three sectors will reach Rs 1.29 billion.

The company has informed the Nepal Stock Exchange (NEPSE) and the Securities Board of Nepal (SEBON) about its decision in principle as per Rule 22 of the Securities Listing Regulations, 2075.TAG_OPEN_div_12

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