Ridi Hydropower Development Company Limited (RHPC) has reported an increment in net profit by a huge margin in the third quarter (Q3) of the current FY 2078/79. The profit increased to Rs. 48.38 crores in this quarter from Rs. 2.1 crores in the corresponding quarter of the previous year.
RHPC has sold electricity worth Rs. 10.8 crores; includes 4.2 crores from Ridi Khola and Rs. 6.5 crores from Butwal Solar. The investments and other income had a massive increment of 1524.22% which resulted in increase in the overall profit of the hydropower for the third quarter of this fiscal year.
Its reserve fund stands at Rs. 48.4 crores with share capital at Rs 58.55 crores.
The company sits in a fair liquidity position…
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