Hathway Investment Nepal to Invest Up to Rs. 40 Crore in Sugar Mill and Hydropower Project
Summary
Hathway Investment Nepal Limited will invest up to Rs. 40 crore in Vijayshree Sugar Mills Limited and the Induwa Khola PROR Hydropower Project to diversify its portfolio. The plan includes promoter-share investments in a 24.921 MW hydropower project under construction in Sankhuwasabha.
Key Points
- Hathway Investment Nepal Limited has decided to invest up to Rs. 40 crore in two projects as part of its diversification strategy.
- Up to Rs. 25 crore will go into promoter shares of Vijayshree Sugar Mills Limited.
- Up to Rs. 15 crore will be invested in the promoter shares of the 24.921 MW Induwa Khola PROR Hydropower Project in Sankhuwasabha.
- The hydropower project is being promoted by Vision Tesla Power Pvt. Ltd.
