Tag: Project

  • Last Day to Apply for Menchhiyam Hydropower’s Locals IPO; Issue Closes Today

    Last Day to Apply for Menchhiyam Hydropower’s Locals IPO; Issue Closes Today


    Menchhiyam Hydropower Limited has completed the distribution of 5,42,583 units of IPO shares to project-affected locals today, 9th Chaitra, 2079. The problem had begun on the 10th of Falgun, 2079.

    The company’s issued capital is Rs. 54.25 crores, of which 10%, or 5,42,583 unit shares worth Rs. 5.42 crores, have been allocated to project-affected Sankhuwasabha District residents. Meanwhile, 20% of the company’s issued capital, or 10,85,167 unit shares, will be made available to the general public later. This public issue, which closed on the 25th of Falgun, allocated 10% of the shares totaling 108,517 units shares to Nepalese citizens wo

     

  • Kalinchowk Darshan and Asian Hydropower IPO Shares Are Finally Listed On NEPSE

    Kalinchowk Darshan and Asian Hydropower IPO Shares Are Finally Listed On NEPSE


    Kalinchowk Darshan Limited’s IPO shares of 60,00,000 units have been listed on NEPSE. This includes promoter shares as well as shares issued to the general public and project-affected locals.

    The initial transaction price range is Rs. 78.15 to Rs. 234.45. If the company signs the agreement with NEPSE, the IPO shares will trade in the secondary market the following day.

     

  • NEPSE lists IPO shares of Maya Khola Hydropower Company and Supermai Hydropower.

    NEPSE lists IPO shares of Maya Khola Hydropower Company and Supermai Hydropower.


     

    NEPSE has listed 10 million unit IPO shares of Maya Khola Hydropower Company Limited. This includes promoter shares as well as shares issued to the general public and project-affected locals.

    The initial transaction price range is Rs. 88.53 to Rs. 265.59. If the company signs the agreement with NEPSE, the IPO shares will trade in the secondary market the following day.

     

  • Menchhiyam Hydropower IPO closes today for Nepalese working abroad.

    Menchhiyam Hydropower IPO closes today for Nepalese working abroad.


    Menchhiyam Hydropower Limited has closed the issue of its initial public offering (IPO) to Nepalese citizens working abroad as of today, the 25th of Falgun, and has extended the IPO issue deadline for project-affected locals until the 9th of Chaitra, 2079. The problem had begun on the 10th of Falgun, 2079.

    The company’s issued capital is Rs. 54.25 crores, of which 10%, or 5,42,583 unit shares worth Rs. 5.42 crores, have been allocated to project-affected Sankhuwasabha District residents. Meanwhile, 20% of the company’s issued capital, or 10,85,167 unit shares, will be made available to the general public later. This public issue, which will close today, has allocated 10% of the shares totaling 108,517 units to Nepalese citizens working abroad.

     

  • IPO of Bhugol Energy Development Company Opens From Today For Project-Affected Locals and Nepalese Employed Abroad

    IPO of Bhugol Energy Development Company Opens From Today For Project-Affected Locals and Nepalese Employed Abroad


     

    Bhugol Energy Development Company Limited was formed as a private limited company on February 16, 2009, and was later converted to a public limited company on October 31, 2017, to allow for public participation. The company operates the 3.75-MW Dwari Khola Small Hydropower Project in Nepal’s Dailekh District, Karnali Province. The project began commercial operations on May 6, 2017, ahead of the required COD of June 30, 2017, and was built at a total cost of NPR 734 million (NPR 196 million per MW) with an initial debt-to-equity ratio of 82:18.

  • Last Day to Apply for Sagarmatha Jalbidhyut Company’s Local IPO; Issue Closing Date:

    Last Day to Apply for Sagarmatha Jalbidhyut Company’s Local IPO; Issue Closing Date:


    From today, 5th Falgun, 2079, Sagarmatha Jalbidhyut Company Limited will close the issue of 11,20,000 unit IPO shares for project-affected locals of Illam District. The issue had begun on the 5th of Magh, 2079.

    The company’s issued capital is Rs. 1.12 Arba, of which 10%, or 11,20,000 unit shares worth Rs. 11.20 crores, have been reserved for project-affected Illam District residents. Meanwhile, 39% of the company’s issued capital, or 43,68,000 unit shares, will be made available to the general public later. 10% of the shares, totaling 436,800 units, were allocated for Nepalese citizens working abroad in this public issue, which closed on the 19th of March

     

  • Bhugol Energy Development Company to Issue IPO Shares

    Bhugol Energy Development Company to Issue IPO Shares


     

    Bhugol Energy Development Company Limited has issued an offer letter to the project-affected residents of Dailekh District and Nepalese citizens working abroad in order to launch an Initial Public Offering (IPO).

    The initial public offering (IPO) for locals and Nepalese citizens working abroad will take place from the 8th to the 25th of Falgun, 2079. It should be noted that if the issue is not subscribed to by the early closing date for Dailekh District residents, it may be extended until the 7th Chaitra. However, the early closing date for Nepalese cit

  • Employed Abroad; Deadline Extended for Project Affected Locals Till Falgun 15

    Employed Abroad; Deadline Extended for Project Affected Locals Till Falgun 15


    Makar Jitumaya Suri Hydropower Company Limited is closing the issue of its IPO to the Nepalese citizens working abroad from today i.e. on 29th Magh and has extended the IPO issue deadline for project-affected locals till 15th Falgun, 2079. The issue had opened on 15th Magh, 2079.

    The issued capital of the company is Rs. 76 Crores of which 10% i.e. 7,60,000 unit shares worth Rs. 7.6 crores have been allocated to project-affected locals of Dolakha District. Meanwhile, 20% of the company’s issued capital i.e. 15,20,000 unit shares will be issued later for the general public. Of this public issue, 10% of the shares totaling 152,000 units shares have been allocated for Nepalese citizens working abroad, the issue of which will close today.

     

  • Nepal Telecom – NTC 5G Trial Commences in Nepal

    Nepal Telecom – NTC 5G Trial Commences in Nepal


    Nepal Telecom (NTC), the country’s state-owned telecoms operator, has officially launched its long-awaited 5G trial to commemorate the company’s 19th anniversary. Nepal Telecom, the country’s state-owned telecom operator, had previously postponed 5G testing due to a lack of a device ecosystem. To commemorate its 19th anniversary, the telco tested its 5G cellular network in Babarmahal and Sundhara.

    Spectrum

    The network deployed in the Kathmandu districts of Sundhara and Babarmahal is using the 60 MHz spectrum in the 2600 MHz band given by the government. The 2600 MHz band provides a good balance of speed and coverage. According to a Nepalitelecom report, the trials are not available to the public and are conducted internally.

    The initial trials, which were supposed to begin in January 2023, have already begun one month later than projected. Nepal Telecom’s July 2021 trials were canceled when a change in administration hindered the requisite spectrum allocation.

    Sunil Paudel, MD of Nepal Telecom (NTC), has formally declared the launch of the long-awaited 5G experiment. However, no official launch date for 5G has been announced, however, officials have stated that it “should launch shortly.” Managing Director Sunil Paudel noted in a progress update on the company’s planned 5G rollout that Nepal Telecom (NT) has yet to evaluate the capabilities of its present mobile infrastructure to handle commercial 5G services in the future.

    Non-Standalone 5G (NSA)

    Nepal Telecom Corporation (NTC) will begin its 5G testing using Non-standalone (NSA) architecture and subsequently advance to Standalone architecture (SA). By changing the basic software, the NSA allows the operator to launch its 5G network on its existing 4G LTE infrastructure. The business has already developed two 5G-ready sites in Babarmahal and Sundhara. NTC is now testing available 5G devices on the network in Babarmahal and Sundhara, having installed the essential equipment at both locations.

  • Higher Operating and Interest Expenses Caused a 95.81% Drop in Ridi Power’s Net Profit Company to Issue 50% Right Shares

    Higher Operating and Interest Expenses Caused a 95.81% Drop in Ridi Power’s Net Profit Company to Issue 50% Right Shares


    Ridi Power Company Limited (RIDI) reported a 95.81% decrease in net profit in the second quarter (Q2) of the current fiscal year 2079/80. Profit declined to Rs. 1.96 crores in this quarter from Rs. 46.98 crores in the previous year’s equivalent quarter.

    In this quarter, the firm recorded total income of Rs. 18.92 crores, a 71.94% reduction from the previous year’s similar period.

    According to management, there has been no substantial change in the organization’s balance, income, or liquidity during this quarter. The operations are carried out in accordance with the company’s business plan. During this quarter period, as the company’s interest climbed, the income decreased, and it is projected that the profit will improve when the interest expenditure reduces in the future days, and the income will improve from the following quarter.

    It has a reserve resource of Rs. 50.25 crores and a share capital of Rs 1.10 Arba. For Fiscal Year 2078/79, the corporation additionally proposed 40% bonus shares worth Rs. 44,25,43,200 and a 2.10% cash dividend (including tax) of Rs 2,32,33,518. The firm has capitalized these extra dividends, resulting in an increased paid-up capital of Rs. 1.54 Arba.

    Furthermore, the business intends to issue 77,44,506 rights shares (1: 0.50 ratio right shares) to shareholders. Following SEBON clearance, this will be given from the paid-up capital of Rs. 1.54 Arba.

    Its annualized earnings per share are Rs 3.56, its net value per share is Rs 145.43, and its P/E ratio is 153.94.

  • Molung Hydropower Company Allotted Shares to Project-Affected Locals and Nepalese Working Abroad on the 24th of Magh.

    Molung Hydropower Company Allotted Shares to Project-Affected Locals and Nepalese Working Abroad on the 24th of Magh.


    Molung Hydropower Company Limited has distributed IPO shares to project participants and Nepalese citizens working abroad. The allotment program ended on the 24th of Magh, 2079, and money will be refunded to non-allottee applicants beginning on the 29th of Magh, 2079.

    The company’s issued capital is Rs. 80.25 crores, of which 10%, or 8,02,500 unit shares worth Rs. 8.02 crores, were allocated to project-affected Okhaldhunga District residents. And in the meantime, beginning in Falgun 04, 34% of the company’s issued capital, or 27,28,500 unit shares, will be made available to the general public. 10% of the shares totaling 272,850 units were allocated for Nepalese citizens working abroad in this public issue, which was opened on Poush 19 and closed on 3rd Magh, whereas the issue was opened on Poush 19 and closed on 3rd Magh.

     

  • Sahas Urja’s net profit fell 37.26% in the second quarter.

    Sahas Urja’s net profit fell 37.26% in the second quarter.


    Sahas Urja Limited’s net profit fell 37.26 percent in the second quarter of the current fiscal year 2079/80. The hydroelectric firm reported in its unaudited financial report for the second quarter published today that its net profit declined to Rs 21.59 crore in the second quarter of the fiscal year 2079/80 from Rs 34.42 crore in the comparable period of the previous fiscal year 2078/79.

    The share capital stands at Rs. 3.50 arba, with reserves at Rs. 2.31 arba. Its annualized EPS is Rs. 12.34, its net worth per share is Rs 166.13, and the firm is traded at a P/E ratio of 46.02 times.

    The 86 MW Solu Khola (Dudh Koshi) Hydropower Project is currently under construction by the business. Because Solu Khola is still in the process of internal testing, the money from energy sales has not yet begun, and the other income reported in the financial statement is unreal because it is earned using the NFRS system’s IFRIC 12: Service Concession Arrangement basis.