Balephi Hydropower to Invest Rs. 2 Crore in BHL Investment

Balephi Hydropower Limited (BHL), the developer of the 36 MW Upper Balephi ‘A’ Hydropower Project, has registered a public company named BHL Investment Limited with the Office of the Company Registrar to pursue investment objectives.

BHL Investment Limited has an authorized capital of Rs. 50 crore and an issued capital of Rs. 2.5 crore. Balephi Hydropower had committed to invest Rs. 2 crore in the newly established company.

Following a payment request from BHL Investment Limited for Rs. 1 crore towards share capital on Ashwin 2, 2083, the Board of Directors of Balephi Hydropower, at its meeting held on Ashwin 15, 2083, decided to make the payment of Rs. 1 crore as share capital.

The company has informed its shareholders and other concerned stakeholders about the decision.