NRN Infrastructure and Development Limited has made a theoretical decision to invest 1.3 Arba rupees across two hydropower projects and one cable manufacturing company.
Strategic Investment Decisions
The company board meeting officially decide to put their money into the Chhujung Khola Hydropower Project, the Dudhkoshi-2 Hydropower Project, and Annapurna Rathi Cables Industries Limited. This move shows the company aim to spread their investments in different sectors.
For the 63 Megawatt Chhujung Khola Hydropower Project promoted by Shangrila Urja Limited, the company is going to invest 20 crore rupees. Meanwhile, they have made a theoretical decision to invest 1 Arba rupees in the 70 Megawatt Dudhkoshi-2 Hydropower Project, which is located in Solukhumbu and promoted by Dudhkoshi Hydropower Nepal Limited.
Lastly, the company announced to investing 9 crore 97 lakh 50 thousand rupees to buy 2 lakh 85 thousand shares of Annapurna Rathi Cables Industries Limited based in Morang district. When you add all these three together, the total investment amount comes to 1 Arba 29 crore 97 lakh 50 thousand rupees.
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.
