API Power registers Rs 6.06 crore as a net profit; to issue right shares in ratio 1:0.47 within Ashad end

API Power Company has published its unaudited report for the third quarter of the FY 2076-77. The hydro company has registered Rs 6.06 crore as net profit, and reserve of Rs 13.48 crore.

The company is yet to convene its AGM for the previous fiscal year due to the COVID crises. The hydro company will issue the right shares in the ratio 100:47 within the month of Asad, 2077, as per the media statement.

The company is currently operating two hydroelectricity projects with an installed capacity of 8 MW and 8.5 MW and is currently constructing 40 MW Chamelia Hydro project, as per the media statement.