Tundi Power Company Limited has officially appointed Kumari Capital Limited as its issue and sales manager to bring 1 crore units of ordinary shares to the public.
Tundi Power Company is preparing to launch its Initial Public Offering (IPO) of 1 crore ordinary shares, with face value of Rs. 100 per share. To manage this share issue, company has appointed Kumari Capital Limited as the issue and sales manager.
An agreement for this partnership was signed by Indra Prasad Dhakal, the General Manager of Tundi Power, and Pushpa Sharma, the Chief Executive Officer (CEO) of Kumari Capital.
Details on Hydropower Projects
Tundi Power has already completed construction of two major hydropower projects located in Myagdi district. These include the 35.5 MW Chhimkhola-Rahughat-Mangale Hydropower Project and the 48.5 MW Upper Rahughat Hydropower Project. The company has stated that it started commercial electricity production from Shrawan 20, 2082.
The electricity generated from these projects is successfully connected to national transmission system. According to company, this electricity is integrated into the national grid through the substation of the Rahughat Hydropower Project.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
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