NRN Infrastructure to Invest NPR 1.2975 Billion in Two Hydropower Projects and a Cable Industry
NRN Infrastructure and Development Limited has decided to invest NPR 1.20 billion in the Chujung Khola and Dudhkoshi-2 hydropower projects. Additionally, with an investment of NPR 97.555 million in Annapurna Rathi Cables Industries in Morang, the company's total proposed investment will reach NPR 1.2975 billion.
NRN Infrastructure and Development Limited is set to invest a total of NPR 1.2975 billion in two hydropower projects and one cable industry. The company's Board of Directors meeting held on October 13 approved these investment proposals.
In the hydropower sector, the company has decided to invest NPR 200 million in the 63 MW Chujung Khola Hydropower Project, equivalent to 2 million shares. The project is being promoted by Sangrila Energy Limited.
Similarly, the company stated it will invest NPR 1 billion in the 70 MW Dudhkoshi-2 Hydropower Project, equivalent to 10 million shares. This project is being promoted by Dudhkoshi Hydropower Nepal Limited.
Furthermore, the company will also invest in Annapurna Rathi Cables Industries Limited located in Morang. It has decided to invest NPR 97.555 million in the industry, equivalent to 285,000 shares.
With the decision to invest NPR 1.20 billion in the two hydropower projects and an additional NPR 97.555 million in the cable industry, NRN Infrastructure's total proposed investment will reach NPR 1.2975 billion.