Orbit Energy Announces IPO for Hydropower Projects in Sankhuwasabha
Tue, Feb 11, 2025 12:17 PM on Latest, IPO/FPO News, Corporate,
Orbit Energy Limited is set to issue an Initial Public Offering (IPO) of 5 million common shares at a face value of Rs 100 each, with Kumari Capital Limited appointed as the issue and sales manager. The agreement for the issuance was signed by Orbit Energy's General Manager Sudeep Khadka and Kumari Capital's CEO Pushpa Sharma.
Orbit Energy is constructing two hydropower projects, 21.5 MW Sabha Khola B and 6.3 MW Sabha Khola C, in Sankhuwasabha. Approximately 55% of the construction is completed, and the project is expected to be operational within a year, featuring advanced electromechanical equipment from FLOVEL Energy and Troyer AG.