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Kumari Capital Limited has been appointed as the Issuing and Selling Manager for the issue of ordinary shares of Orbit Energy Limited. Kumari Capital has been appointed as the sales manager to issue 5 million ordinary shares of Orbit with a nominal price of Rs.
Sudeep Khadka, General Manager of Orbit Energy and Pushpa Sharma, Chief Executive Officer of Kumari Capital signed for this. Orbit Energy is constructing a hydropower project of 21.5 megawatts Sabhakhola B and 6.3 megawatts capacity of Sabhakhola C at Sabakhola in Sabhapokhari Rural Municipality of Sankhuwasabha. 55 percent of the construction work of
project has been completed. The company said that the project will be put into operation within a year.
