NRN Infrastructure to Invest Around Rs 1.30 Billion in Three Companies
NRN Infrastructure and Development has decided to invest around Rs 1.30 billion in two hydropower projects and one cable industry. The company will purchase shares in Chujung Khola, Dudhkoshi-2, and Annapurna Rathi Cables Industries.
Kathmandu. NRN Infrastructure and Development is set to invest around Rs 1.30 billion in three companies. The company has decided to invest a total of Rs 1.29975 billion in two hydropower projects and one cable industry.
The company will purchase 200,000 shares worth Rs 200 million in the 63 MW Chujung Khola Hydropower Project, promoted by Sangrila Energy. Similarly, it has decided to invest in 10 million shares worth Rs 1 billion in the 70 MW Dudhkoshi-2 Hydropower Project located in Solukhumbu district, promoted by Dudhkoshi Hydropower Nepal.
Likewise, the company has also decided to buy 285,000 shares worth Rs 99.75 million in Annapurna Rathi Cables Industries located in Morang district.