Tag: Mai

  • Sanima Mai Hydropower Company Reports 6.02% Increase in Q1 Net Profit and Strategic Investments

    Sanima Mai Hydropower Company Reports 6.02% Increase in Q1 Net Profit and Strategic Investments


    Sanima Mai Hydropower Company Limited (SHPC) has reported a positive performance in the first quarter of the fiscal year 2080/81, demonstrating a 6.02% increase in net profit. The company’s net profit climbed to NPR 24.92 crores, up from NPR 23.5 crores in the same quarter of the previous year.

    This growth was primarily supported by a 2.43% increase in revenue generated from electricity sales, reaching NPR 32.98 crores. Additionally, SHPC managed to significantly reduce both plant operating expenses and financial expenses by 19.33% and 19.59%, respectively, in comparison to the previous year’s quarter.

    Up to the end of Ashwin 2080, the Mai Hydropower Plant (22MW) and Mai Cascade Hydropower Plant (7MW) generated impressive revenues of NPR 24.81 crores and NPR 8.17 crores, respectively.

    Furthermore, SHPC strategically invested a total of NPR 2.74 arba in subsidiary projects, including ventures in Swet Ganga Hydropower and Construction Limited, Sanima Middle Tamor Hydropower Limited, Mathilo Mailun Khola Jalvidhyut Hydropower Limited, Bavari Construction P Limited, and Sanima Jum Hydropower Limited. These investments underscore the company’s commitment to expansion and diversification.

    With a share capital of NPR 3.08 Arba and retained earnings of NPR 1.42 Arba, SHPC demonstrated an annualized Earnings Per Share (EPS) of NPR 32.37 and a net worth per share of NPR 164.17. The company’s Price/Earnings (P/E) ratio stands at 8.83 times.

     

  • Sanima Mai Hydropower Proposes 10.52% Dividend for FY 2079/80; AGM on Kartik 23

    Sanima Mai Hydropower Proposes 10.52% Dividend for FY 2079/80; AGM on Kartik 23


     

    Sanima Mai Hydropower Limited (SHPC) has recommended a dividend of 10.5263% for the fiscal year 2079/80. They have also scheduled their 12th Annual General Meeting for November 6, 2023 (Kartik 23, 2080).

    In a board meeting held on October 1, 2023 (Ashwin 15, 2080), the company decided to distribute this dividend, consisting of 0.5263% in cash and 10% in bonus shares, based on their paid-up capital of Rs. 3.08 Arba. This translates to bonus shares worth Rs. 30.89 Crores and cash dividends totaling Rs. 1.62 Crores, which includes taxes related to the bonus shares.

     

  • “Mai Khola Hydropower Calls AGM on 9th Ashwin to Discuss 100% Right Shares Issuance”

    “Mai Khola Hydropower Calls AGM on 9th Ashwin to Discuss 100% Right Shares Issuance”


     

    Mai Khola Hydropower Limited (MKHL) has scheduled its Annual General Meeting (AGM) for the 9th of Ashwin, 2080. The meeting will take place at Lord Party Venue in Dhumbarahi, Kathmandu, commencing at 9 a.m.

    The AGM’s agenda includes the following items:
    1) Approval of the financial reports for the fiscal year 2079/80.
    2) Endorsement of the auditor’s report, including PL statements, financial reports, and cash flow reports.
    3) Confirmation of the auditor’s appointment for the fiscal year 2080/81.
    4) Ratification of decisions and actions taken by the Board of Directors.
    5) Authorization to issue 100% right shares from the current paid-up capital of Rs. 31.21 Crores.
    6) Consideration of changing the company’s location.
    7) Amendment of the Articles of Association following an increase in the authorized, issued, and paid-up capital of the company.
    8) Miscellaneous matters.

  • Attention Shareholders: Claim Your Outstanding Dividends from Sanima Mai Hydropower Limited (SHPC) Now

    Attention Shareholders: Claim Your Outstanding Dividends from Sanima Mai Hydropower Limited (SHPC) Now


    Sanima Mai Hydropower Limited (SHPC) has issued a notification directed towards shareholders who have not yet received their entitled dividend payments. The company urges these shareholders to take necessary action to claim their outstanding dividends, which were approved during various Annual General Meetings (AGMs).

    In order to receive the due dividends, shareholders are required to submit their share certificate, proof of identity, and copies of relevant documents to Sanima Capital Limited, the share registrar of the company. The designated location for the submission of these documents is at Naxal, Kathmandu.

    This notice serves as a reminder to shareholders who may have overlooked or not yet claimed their dividends from SHPC. By promptly presenting the necessary documents to the share registrar, these shareholders can ensure that they receive their entitled dividend payments in a timely manner.

  • Mai Khola Hydropower Limited Lists 39,21,568 Units of IPO Shares on NEPSE

    Mai Khola Hydropower Limited Lists 39,21,568 Units of IPO Shares on NEPSE


    Mai Khola Hydropower Limited has successfully listed 39,21,568 units of IPO shares on the Nepal Stock Exchange (NEPSE). This figure includes shares held by the promoters, as well as shares issued to project-affected locals and the general public.

    The initial trading range for these shares is set between Rs. 111.67 and Rs. 335.01. If the company enters into an agreement with NEPSE, the IPO shares will be eligible for trading on the secondary market the following day.

    Among the total shares available, 12,69,411 units worth Rs. 12.69 Crore were specifically issued as Initial Public Offerings to the general public during the period of Baisakh 8-12, 2080.

  • Sanima Mai Hydropower reports 20.40% decline in net profit in Q3 of FY 2079/80

    Sanima Mai Hydropower reports 20.40% decline in net profit in Q3 of FY 2079/80


    Sanima Mai Hydropower Company Limited (SHPC) has reported a decline in net profit by 20.40% in the third quarter (Q3) of FY 2079/80. The company’s net profit decreased to Rs. 35.82 crores in this quarter from Rs. 45 crores in the corresponding quarter of the previous year. The decline in net profit is due to a decrease in revenue from the Sale of Electricity, which decreased by 16.16% compared to the corresponding previous year’s quarter ending. The decreased revenue is attributed to the end of the Posted Rate Facility Agreement for Mai Hydropower Project (15.6 MW) and unfavorable hydrological conditions during this quarter.

    The company has invested around Rs. 3.62 Arba in associates, which have increased by 196.12% in this quarter. SHPC has investments in various associates companies, including Sanima Middle Tamor Hydropower Ltd, Mathillo Mailun Khola Jalvidhyut Hydropower Ltd, Bavari Construction Pvt. Ltd, and Sanima Jum Hydropower.

    SHPC has a share capital of Rs. 3.08 Arba, and the retained earnings are Rs. 1.11 Arba, with other reserves of Rs. 2.39 Arba. The company has recognized other comprehensive gain of NPR. 2,388,872,000 resulting from the fair value measurement of shares invested in Swet Ganga Hydropower and Construction Ltd. and Sanima Middle Tamor Hydropower Ltd. (Listed Associate Companies) as on third-quarter end, 2079. The gain has been shown under other reserves as Fair Value Reserve.

    The annualized EPS stands at Rs. 15.46, and the net worth per share at Rs. 213.81, with the company’s P/E standing at 21.80 times.

  • Mai Khola Hydropower Issues 12,69,411 Units in an Initial Public Offering (IPO) to the General Public IPO Shares Will Be Available Starting Today

    Mai Khola Hydropower Issues 12,69,411 Units in an Initial Public Offering (IPO) to the General Public IPO Shares Will Be Available Starting Today


    Mai Khola Hydropower Limited will begin issuing 12,69,411 unit shares with a face value of Rs 100 today, on the 8th of Baisakh, 2080. This IPO is expected to generate Rs 12.69 crore for the firm. This issue’s early closure date is on 12th Baisakh, and if it is not completely subscribed, it can be prolonged until 24th Baisakh, 2080.

    Out of the total 15,29,411 units, 10%, or 152,941 units, have already been issued and allotted to Nepalese citizens working abroad, 2%, or 30,588 units, have been set aside for company employees, and 5%, or 76,471 units, have been set aside for mutual funds. The remaining 12,69,411 units are for general consumption.

  • From Baisakh 08, Mai Khola Hydropower will issue 12,69,411 unit IPO shares to the general public.

    From Baisakh 08, Mai Khola Hydropower will issue 12,69,411 unit IPO shares to the general public.


    From the 8th of Baisakh, 2080, the business would issue 12,69,411 unit shares with a face value of Rs 100. This IPO is expected to generate Rs 12.69 crore for the firm. This issue’s early closure date is on 12th Baisakh, and if it is not completely subscribed, it can be prolonged until 24th Baisakh, 2080.

    Out of the total 15,29,411 units, 10%, or 152,941 units, have already been issued and allotted to Nepalese citizens working abroad, 2%, or 30,588 units, have been set aside for company employees, and 5%, or 76,471 units, have been set aside for mutual funds. The remaining 12,69,411 units will be available to the general public. The company’s paid-up capital

  • Economic growth is expected to slow to 4.1% in 2023, with inflation remaining at 7.4%, according to the Asian Development Bank.

    Economic growth is expected to slow to 4.1% in 2023, with inflation remaining at 7.4%, according to the Asian Development Bank.


     

    The Asian Development Bank (ADB) forecasts 4.1 percent economic growth in Nepal in 2023, with inflation at 7.4 percent.

    According to the April 2023 Asian Development Outlook (ADO), Nepal’s economic growth rate is expected to slow in 2023 compared to last year due to tight monetary policy, sluggish domestic demand, the unwinding of pandemic stimulus, and persistent global headwinds.

  • Gold is down Rs 800 from its all-time high, trading at Rs 110,200 per tola; silver is down Rs 5.

    Gold is down Rs 800 from its all-time high, trading at Rs 110,200 per tola; silver is down Rs 5.


     

    Today’s gold price has dropped by Rs. 800 per tola.

    According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 110,200 per tola. Yesterday, the rate remained unchanged at Rs. 111,000 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 109,650. In contrast, the rate was kept at Rs. 110,450 per tola yesterday.

     

  • Gold sets a new all-time high, gaining Rs 2000 per tola in a single day to trade at Rs 111,000.

    Gold sets a new all-time high, gaining Rs 2000 per tola in a single day to trade at Rs 111,000.


    Gold prices continue to break all-time highs. Today’s increase is due to a single-day gain of Rs. 2000 in fine gold, while tejabi gold has climbed by Rs. 1,950 from yesterday’s price.

    According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is now trading at Rs. 111,000 per tola. Yesterday, the tariff remained unchanged at Rs. 109,000 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 110,450. In contrast, the cost was kept at Rs. 108,500 per tola yesterday.

    On March 19, 2023, the price of gold reached an all-time high on the Nepali market. Fine gold cost Rs. 110,000 a tola, while tejabi gold cost Rs. 109,500.

  • “7.5% Urja Rinpatra 2089 Everest Bank Ltd” ” Now Available in NEPSE

    “7.5% Urja Rinpatra 2089 Everest Bank Ltd” ” Now Available in NEPSE


    NEPSE has listed 746,830 units of “7.5% Everest Bank Limited Urja Rinpatra (Energy Bond) 2089.”

    From the 25th Poush to the 09th Magh of 2079, Everest Bank Limited (EBL) issued 20,00,000 units of “7.5% Everest Bank Limited Urja Rinpatra (Energy Bond) 2089.”

    From the overall offer of 20 lakh units, 12 lakh units were subscribed through private placement, while the remaining 8 lakh units worth Rs. 80 crores were open for public issue, with 5% reserved for mutual funds.

    As the name implies, the “7.5% Everest Bank Limited Urja Rinpatra (Energy Bond) 2089” would provide unit holders with 7.5% yearly yields till maturity, which is in the year 2089 BS (10 years).