NRN Infrastructure and Development is set to invest nearly Rs 1.30 billion in three companies, including two hydropower projects and one cable manufacturing business. The company has decided to invest a total of Rs 1.29975 billion across these investments.

The company will invest Rs 200 million to acquire 2 million shares in the 63 MW Chhujung Khola Hydropower Project, promoted by Shangrila Urja.

Similarly, NRN Infrastructure will invest Rs 1 billion to acquire 10 million shares in the 70 MW Dudhkoshi-II Hydropower Project, promoted by Dudhkoshi Hydropower Nepal and located in Solukhumbu district.

The company has also decided to invest Rs 99.75 million to purchase 285,000 shares in Annapurna Rathi Cables Industries, located in Morang district.

Through these investments, NRN Infrastructure and Development is expanding its investment across the hydropower and industrial sectors.