Tag: generating

  • Bumper Orange Harvest Brings Prosperity to Ichchhakamana: Farmers Set to Earn Rs 100 Million

    Bumper Orange Harvest Brings Prosperity to Ichchhakamana: Farmers Set to Earn Rs 100 Million


    In Ichchhakamana rural municipality, a remarkable achievement in agriculture is anticipated as more than 450 farmers are projected to collectively earn Rs 100 million this year exclusively from orange cultivation. The Agriculture Development Section of the rural municipality has reported that the oranges cultivated by local farmers have garnered favorable prices, resulting in substantial income for the entire community.

    Currently, the selling price of oranges at the farmer’s orchard ranges from Rs 75 to Rs 90 per kilogram, as stated by Section Chief Ashish Tripathi. This success story unfolds across 80 hectares of land in Ichchhakamana rural municipality, with oranges cultivated on 60 hectares in the current year. Out of the 20,000 orange trees in the area, 15,000 have borne fruits.

    Tripathi acknowledged that although this year’s production is slightly lower than the previous year, the farmers have benefited from higher market prices. The Orange Growing Area Expansion Programme, introduced by the Agriculture Knowledge Centre (AKC) last year, led to an increased plantation area. However, the area with higher production did not witness a corresponding expansion.

    In comparison, the orange production for the current year has seen a 12 percent decrease compared to the previous year’s 1,650 metric tonnes, totaling 1,500 metric tonnes. Orange farming plays a crucial role in the economic activities of Ichchhakamana rural municipality and Bharatpur Metropolitan City-29, contributing significantly to the prosperity of these hilly regions in the Chitwan district.

  • Ghorahi Cement Industry Concludes IPO for Project-Affected Locals, Generating Rs. 3.44 Arba

    Ghorahi Cement Industry Concludes IPO for Project-Affected Locals, Generating Rs. 3.44 Arba


    Ghorahi Cement Industry Limited is concluding the issuance of its Initial Public Offering (IPO) for project-affected locals today. The IPO, which opened on 18th Baisakh, aims to issue 79,43,801 unit shares to the public, including locals, Nepalese citizens working abroad, and the general public. Out of the total issued capital of Rs. 3.97 Arba, 1% or 397,190 unit shares have been allocated to project-affected locals of Dang District.

    The shares are being offered at a price of Rs. 400 per unit for locals and Rs. 435 per unit for Nepalese citizens working abroad, including a premium amount. The IPO will generate a total of Rs. 3.44 Arba for the company, with a significant portion being premium amounting to Rs. 2.645 Arba.

    Himalayan Capital Limited and Nabil Investment Banking Limited are the appointed issue managers for the IPO. After the IPO, the promoter-public share ratio will be 80:20. CARE Ratings Nepal Limited has assigned a rating of ‘CARE-NP BBB- (Is)’ to Ghorahi Cement Industry Limited, indicating a moderate degree of safety regarding the timely servicing of financial obligations.

    Ghorahi Cement Industry Limited, formerly known as Ghorahi Cement Industry Private Limited, was established in August 2007. It operates an integrated cement manufacturing plant in the Dang Valley of Western Nepal. The company has a clinker capacity of 1,900 MTPD and a grinding capacity of 2,200 MTPD, with plans for further expansion. Ghorahi Cement Industry sells its products under the brand name “Sagarmatha” across Nepal, with a focus on the western and far-western regions of the country. The company has a network of 21 distributors throughout Nepal.