Day: April 23, 2024

In a significant move, the Public Procurement Monitoring Office (PPMO) has announced the blacklisting of 33 construction companies, including well-known names like Pappu Construction Pvt Ltd, for failing to meet project deadlines. The PPMO issued a formal notice on Tuesday, publicly declaring the disqualification of these companies for a period of two and a half years. This means they are barred from participating in any public contracts during this time.

The blacklisted firms will no longer be able to engage in 29 projects across various sectors such as energy, road construction, infrastructure development, urban planning, and municipal initiatives. Projects affected include those involving roads, buildings, and bridges.

Among the companies facing blacklisting are Pappu Construction, Prem Nirman Sewa, Saptakoshi Jaladhar Nirman Company, Om Sai & Company, Universal Construction & Water Treatment, Koshi & Neupane Nirman Sewa, Om Sai Construction, A1 Khaptad Construction & Order Suppliers, Chandi Nirman Sewa, Siddhibaba Construction Company, and Namuna Construction.

Other firms on the list include Mahesh Engineering Builders, Naveen Construction, Aman Construction, Bhavya Construction, Sahni Builders, Mama Bhanja Nirman Sewa, Karmabhoomi Construction, Susman Construction & Suppliers, Roshi Construction, Argha Bhagwati Construction, Paurai Baba Construction, Muskan Construction, GS & SS Construction, Umang Traders, Pashupati Construction, Karchen Construction, Sneha Nirman Sewa, and Khadka Devi Construction.

In a significant move, the Public Procurement Monitoring Office (PPMO) has announced the blacklisting of 33 construction companies, including well-known names like Pappu Construction Pvt Ltd, for failing to meet project deadlines. The PPMO issued a formal notice on Tuesday, publicly declaring the disqualification of these companies for a period of two and a half years. This means they are barred from participating in any public contracts during this time.

The blacklisted firms will no longer be able to engage in 29 projects across various sectors such as energy, road construction, infrastructure development, urban planning, and municipal initiatives. Projects affected include those involving roads, buildings, and bridges.

Among the companies facing blacklisting are Pappu Construction, Prem Nirman Sewa, Saptakoshi Jaladhar Nirman Company, Om Sai & Company, Universal Construction & Water Treatment, Koshi & Neupane Nirman Sewa, Om Sai Construction, A1 Khaptad Construction & Order Suppliers, Chandi Nirman Sewa, Siddhibaba Construction Company, and Namuna Construction.

Other firms on the list include Mahesh Engineering Builders, Naveen Construction, Aman Construction, Bhavya Construction, Sahni Builders, Mama Bhanja Nirman Sewa, Karmabhoomi Construction, Susman Construction & Suppliers, Roshi Construction, Argha Bhagwati Construction, Paurai Baba Construction, Muskan Construction, GS & SS Construction, Umang Traders, Pashupati Construction, Karchen Construction, Sneha Nirman Sewa, and Khadka Devi Construction.

CEDB Hydropower Development Company Limited (CHDC) has announced its Annual General Meeting (AGM) scheduled for Baishakh 31, 2081. The meeting will take place at Newa Bamboo Cottage, Harisiddhi, Lalitpur, starting at 8:00 AM.

Key agendas for the AGM include endorsing financial reports for fiscal years 2077/78 and 2078/79, approving the auditor’s report, appointing auditors for the fiscal year 2078/79, appointing an independent director, and approving bonus shares and cash dividends. Shareholders will also participate in the election within the public shareholding group.

CEDB Hydropower Development Company Limited (CHDC) has announced its Annual General Meeting (AGM) scheduled for Baishakh 31, 2081. The meeting will take place at Newa Bamboo Cottage, Harisiddhi, Lalitpur, starting at 8:00 AM.

Key agendas for the AGM include endorsing financial reports for fiscal years 2077/78 and 2078/79, approving the auditor’s report, appointing auditors for the fiscal year 2078/79, appointing an independent director, and approving bonus shares and cash dividends. Shareholders will also participate in the election within the public shareholding group.

The price of fine gold in Nepal has seen a significant drop, as reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Pure gold is now trading at Rs. 1,35,500 per tola, down by Rs. 2,700 from the previous rate of Rs. 1,38,200 per tola. Tejabi gold has also witnessed a similar decrease, currently valued at Rs. 1,34,850 per tola.

The peak in gold prices was noted on April 19th, 2024, with fine gold reaching an all-time high of Rs. 1,39,300 per tola. However, the latest figures indicate a notable decline in prices.

Additionally, the price of silver has also experienced a decrease of Rs. 45 per tola, with the current market rate standing at Rs. 1,660 per tola compared to yesterday’s closing rate of Rs. 1,705 per tola.

Both domestic and international markets have seen a downturn in prices, with global gold rates reported at $2,306.60 per ounce and silver prices at $27.01 per ounce.

The price of fine gold in Nepal has seen a significant drop, as reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Pure gold is now trading at Rs. 1,35,500 per tola, down by Rs. 2,700 from the previous rate of Rs. 1,38,200 per tola. Tejabi gold has also witnessed a similar decrease, currently valued at Rs. 1,34,850 per tola.

The peak in gold prices was noted on April 19th, 2024, with fine gold reaching an all-time high of Rs. 1,39,300 per tola. However, the latest figures indicate a notable decline in prices.

Additionally, the price of silver has also experienced a decrease of Rs. 45 per tola, with the current market rate standing at Rs. 1,660 per tola compared to yesterday’s closing rate of Rs. 1,705 per tola.

Both domestic and international markets have seen a downturn in prices, with global gold rates reported at $2,306.60 per ounce and silver prices at $27.01 per ounce.