Butwal Power Company to float 30 lakh unit FPO shares; SGM on Ashad 27

Butwal Power Company Limited (BPCL) has declared to float 30 lakh units Further Public Offering (FPO) to general public in premium price.  The BoD meeting held on Jestha 31, 2073 has decided to issue FPO for 30, 00, 000 units share in Premium price. The declaration is subject to approval from the hydropower company’s upcoming Special General Meeting (SGM). The SGM is going to be held on Ashad 27, 2073. Also the hydropower company has mentioned book closure date for its upcoming SGM.The register of its shareholders will remain close on 2073-03-16 for SGM purpose. The hydropower company earned net profit has surged to Rs. 58.55 crore in the third quarter of the current FY 2072/73. It’s paid up share capital remains at Rs. 1.67 arba and its reserve fund has risen to Rs.1.99 arba.