Project

Slow Progress: Narayangadh-Butwal Road Project 46% Complete 5
Business | Market | Economy

Slow Progress: Narayangadh-Butwal Road Project 46% Complete

  The Narayangadh-Butwal road expansion, part of the East-West Highway, is only 46% complete after five years, with significant work remaining. Engineer Shiv Khanal, from the project’s Eastern Section, attributes the slow progress to contractors not sticking to their schedules. The China State Construction Engineering Corporation Limited began the project in 2075 B.S. with a

Upper Tamakoshi Hydropower Limited Initiates Auction for Unclaimed Right Shares 7
Dividend, Business | Market | Economy

Upper Tamakoshi Hydropower Limited Initiates Auction for Unclaimed Right Shares

Upper Tamakoshi Hydropower Limited (UPPER) is currently conducting an auction for its unclaimed right shares, which commenced on the 13th of Poush and is scheduled to conclude on the 29th of Poush, 2080. The auction involves 1,70,19,530 units of ordinary right shares, representing the remaining portion of the rights offering issued by the company. The

NMB Bank and HIDCL to Invest 7.40 Arba Rupees in Upper Modi A Hydropower Project 9
Business | Market | Economy

NMB Bank and HIDCL to Invest 7.40 Arba Rupees in Upper Modi A Hydropower Project

NMB Bank and the Hydroelectricity Investment and Development (HIDCL) Company have jointly committed a substantial investment of 7.40 Arba rupees towards the Upper Modi A hydropower project. In this collaboration, NMB Bank will contribute 4.40 Arba rupees, while HIDCL will invest 3 Arba rupees. The signing of a tripartite loan agreement formalized this partnership, witnessed

"Millennium Challenge Corporation (MCC) Project Implementation Starts" 15
Business | Market | Economy

“Millennium Challenge Corporation (MCC) Project Implementation Starts”

  The much-anticipated Millennium Challenge Corporation (MCC) initiative is about to start on Wednesday. This project, spanning five years, will begin its implementation on August 30, 2023, which aligns with the 13th of August in the Nepali calendar. Today, the Ministry of Finance is organizing an event to officially announce this significant milestone. As per

"Citizens Capital Partners with Thulo Khola Hydropower for IPO Management; Myagdi's 22.5 MW Project Set to Offer Shares" 17
IPO | FPO

“Citizens Capital Partners with Thulo Khola Hydropower for IPO Management; Myagdi’s 22.5 MW Project Set to Offer Shares”

  In an event held at Sundhara, Kathmandu, Thulo Khola Hydropower Limited and Citizens Capital Limited signed an agreement for the management of their Initial Public Offering (IPO). The agreement was formalized by Mrs. Shweta Adhikari Panth, Director of Thulo Khola Hydropower Limited, and Mr. Sabir Bade Shrestha, CEO of Citizens Capital Limited. Under this

"Setikhola Hydropower Appoints Kumari Capital as Issue Manager for 60 Lakh Unit Share Float; 20 MW Pokhara Project Set to Operate in 2024" 21
Business | Market | Economy

“Setikhola Hydropower Appoints Kumari Capital as Issue Manager for 60 Lakh Unit Share Float; 20 MW Pokhara Project Set to Operate in 2024”

Setikhola Hydropower has selected Kumari Capital as the issue manager to issue 60 lakh unit ordinary shares to the public investors. The memorandum of understanding (MoU) was signed between the CEO of Kumari Capital, Mr. Puspa Sharma, and the chairman of Setikhola Hydropower, Mr. Anup Acharya, during a program, according to the media statement.  

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