Kathmandu, Sept. 15
Beni Khola Hydropower Project, an investment of
Brahmand Investment Group (BIG) is set to be listed on the stock market. The
hydropower project’s initial public offering (IPO) received applications 30.55
times higher than the shares on offer. A total of 2,361,124 applicants applied
for the shares, of whom 86,320 were allotted shares.
The 19.8MW project posted losses in each of its first
two financial years of operation. However, it improved its financial
performance in the last financial year, recording a net profit of Rs. 155.6
million.
BIG Chief Executive Officer Chewan Rai said it was a
positive development that members of the general public had been given an
opportunity to become direct shareholders in a project generating electricity.
BIG is an investment company established from the
collective savings of Nepalis serving in the British Army and Singapore Police.
The group has also invested in the 3.2 MW Gelun Khola
Hydropower Project in Sindhupalchowk.
Published in The Rising Nepal on 16 September 2026.
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