The National Resources Board permits Hongshi Cement to inject funds through an investment firm.


Cement is to receive Rs 15 billion from Hong Redline, which is affiliated with the Chinese cement firm Hongshi, after receiving approval from Nepal Rastra Bank (NRB) to inject money from an business.

According to Hongshi Cement authorities, the company is investing the aforementioned sum through HS Investment. The company was granted permission to bring in through this process by the government, which published notice in the Nepal Gazette.

Ambuja Group in India sold Cement to Hongshi, who purchased it. As of December 31, 2018, the firm owned 85 percent of the cement company, with Shivam Cement of Nepal owning the remaining 15 percentage points. The Chinese investor intends to build cement plant that will generate 6,000 tons of cement each day.

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