Bhugarbha Cement Limited Calls SGM With Agenda to Discuss IPO

Bhugarbha Cement Limited called its SGM on 25th Jestha, 2081. The meeting will be held in the Company's Office, Naxal, Kathmandu, starting at 11:00 AM.

Among the other agendas, there is an agenda with a proposal to issue an IPO to the general public and and to increase the authorized capital, issued capital, and paid-up capital of the company.

CARE Ratings Nepal Limited (CRNL) has assigned the rating of ‘CARE-NP B-’ to the long-term bank facilities and ‘CARE-NP A4’ to the short-term bank facilities of Bhugarbha Cement Limited (BCL).

Bhugarbha Cement Limited (BCL), formerly known as Bhugarbha Cement Udhyog Pvt Ltd, is a public limited company established in 2016 and converted from private to public limited status on June 22, 2023. BCL operates its mining scheme with a capacity of 3200 MTPD. The company produces cement types such as Portland Pozzolana Cement (PPC) and Ordinary Portland Cement (OPC), with an installed capacity that increased from 500 MTPD to 700 MTPD in August 2023. Additionally, BCL has a clinker production capacity of 300 MTPD.

SGM Notice: