Skip to content
|Loading...
Share Gyan home
EBook

Hathaway Investment Nepal to Invest NRS 400 Million in Sugar & Hydropower

Hathway Investment Nepal Limited has announced plans to make a long-term investment of up to NRS 400 million in Vijay Shree Sugar Mills and Induwa Khola PROR Hydropower Project as part of its portfolio diversification strategy.

Published By Share Gyan
Hathaway Investment Nepal to Invest NRS 400 Million in Sugar & Hydropower

Hathway Investment Nepal Limited is set to expand its investment portfolio by investing up to NRS 400 million across the sugar and hydropower sectors. A meeting of the company’s 235th Board of Directors decided to make the investment through the purchase of promoter shares in Vijay Shree Sugar Mills Limited and the hydropower project promoted by Vision Tesla Power Pvt. Ltd. Of the total investment, Hathaway will invest up to NRS 250 million in Vijay Shree Sugar Mills by purchasing 2.5 million promoter shares at a face value of NRS 100 per share. Similarly, up to NRS 150 million will be invested in the 24.921 MW Induwa Khola PROR Hydropower Project, being developed by Vision Tesla Power in Makalu Rural Municipality of Sankhuwasabha. Hathaway will acquire 1.5 million promoter shares of the company at NRS 100 per share. The company said the investments are part of its strategy to diversify its portfolio across different sectors and pursue long-term returns. According to Company Secretary Sudha Aryal, formal information regarding the investment decision has already been submitted to the regulatory bodies, including NEPSE, SEBON and CDS & Clearing Limited.

Related News

Maya Khola Hydropower's Net Profit Surges 124.52% to Rs 6.38 Crore in Q1

Maya Khola Hydropower Company Limited (MKHC) has reported a 124.52 percent increase in net profit, earning Rs 6.38 crore in the first quarter of FY 2083/84, compared to Rs 2.84 crore in the same period last year. Higher electricity sales revenue and lower interest expenses supported the company's improved profitability.

Khani Khola Hydropower Turns Profitable, Reports Rs 3.65 Crore Net Profit in Q1

Khani Khola Hydropower Company Limited (KKHC) has made a remarkable financial turnaround, reporting a net profit of Rs 3.65 crore in the first quarter of FY 2083/84, compared to a net loss of Rs 1.89 crore in the same period last year.

Kalinchowk Darshan Reports Higher Quarterly Loss as Flood Disrupts Tourism

Kalinchowk Darshan Limited (KDL) reported a net loss of Rs 4.596 million in the first quarter of FY 2083/84, up from Rs 3.386 million in the same period last year. The decline was largely attributed to the devastating Bhotekoshi floods, which disrupted road access and reduced tourist arrivals.

Gold Price Edges Up by Rs 600, Silver Declines in Nepali Market

Gold prices in Nepal increased by Rs 600 per tola on Wednesday, reaching Rs 275,600, while silver prices dropped by Rs 20 to Rs 3,655 per tola, according to the Federation of Nepal Gold and Silver Dealers' Association.

Gold Price Rises by Rs 700, Silver Declines by Rs 45 in Nepal

Gold prices increased slightly in the Nepali market on Tuesday, while silver prices recorded a decline, according to the Federation of Nepal Gold and Silver Dealers' Association.

Makar Jitumaya Suri Hydropower Proposes 13.6842% Dividend for FY 2082/83

Makar Jitumaya Suri Hydropower Limited has proposed a 13.6842% dividend for its shareholders for FY 2082/83, comprising 13% bonus shares and 0.6842% cash dividend to cover tax obligations.

Companies in This News