United Modi to invest Rs 675 Mn in United Mewa Khola Hydropower

Mar 30, 2021 11:09 AM Merolagani

The board of directors meeting of United Modi Hydropower (UMHL) held on March 29 decided to invest in United Mewa Khola Hydropower.

The meeting decided to purchase 30 percent issued capital of the hydropower project. It will buy 6.75 million units of shares a face value of Rs 100 amounting to Rs 675 million.

As per the company, it has decided to sign a memorandum of understanding regarding the purchase with the hydropower project.

United Mewa Hydropower is developing 50MW Project in Taplejung.

 

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