NRN Infrastructure and Development Limited will be investing in the Ayu Molun Khola Hydropower Project by acquiring promoter shares.
NRN Infrastructure Pledges Rs. 10 Crore for Hydropower Project
NRN Infrastructure and Development Limited has make a decision to invest in the Ayu Molun Khola Hydropower Project. This project, which will generate 21 megawatts of electricity, is located in the Molung Rural Municipality of Okhaldhunga District. The investment will be made through the purchase of promoter shares.
The company inform the Nepal Stock Exchange (NEPSE) about this significant decision. The Board of Directors had a meeting on Saun 19 at 3:15 PM, where they decided to put money into the project. Ayu Molung Hydropower Limited is the company promoting this under-construction hydropower project.
As per the board’s decision, NRN Infrastructure will invest in 10 lakh promoter shares. Each share cost Rs. 100. This means the total proposed investment from the company will be Rs. 10 crore.
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.
