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The Triveni Synthetic Yarn Industries based in the Bara-Parsa industrial corridor has paid the first installment of the electricity dues under the dedicated and trunk lines.

The industry paid the first installment to the Nepal Electricity Authority on Thursday. Subsequently, the power supply to the industry which was disconnected on October 21 has been resumed from the same day, said Manoj Silwal, Executive Director of the NEA.

Tribeni Synthetic is entitled to pay at least Rs 43.983 million in power tariff dues to the state-owned Nepal. As per the latest agreement, the Industry will pay all its dues divided into 28 installments. 

As the first installment, the industry has paid Rs 1.571 million.

Exports have increased from Birgunj customs point in the current fiscal year. The increase has been reported in the first three months of the current FY compared to the corresponding period of the previous fiscal year.

According to Chief Customs Administrator Bishnu Prasad Gyawali, goods worth Rs 26.59 billion have been exported in the first three months of the current fiscal year. Goods worth Rs 8.84 billion had been exported in the same period last fiscal year.

In the three months of the current fiscal year, 67.13 billion liters of refined soybean oil worth Rs 13.98 billion have been exported.

Similarly, 21.148 billion liters of juice worth Rs 2.7 billion have been exported in the three months of the current fiscal year. In addition, 36.848 billion liters of refined sunflower oil worth Rs 1.7 billion and 24.95 billion pieces of garments worth Rs 970 million and synthetic yarn worth Rs 660 million have been exported.

The government has made it clear that Nepal Electricity Authority (NEA) will also benefit from the cross-border transmission line to be built between Nepal and India.

An agreement has already been signed between Nepal and India to jointly construct two additional 400 KV cross-border transmission lines—Inaruwa-Poornia and Dododhara-Bareilly.

For this, a joint venture company is to be established between Nepal Electricity Authority and Power Grid Corporation of India Limited. 

According to the agreement, NEA's share in the joint venture company will be 51 percent in the section to be built in Nepal, shared Sandeep Kumar Dev, Joint-Secretary at the Ministry of Energy, Water Resources and Irrigation.

Similarly, the NEA will have a 49 percent stake in the transmission line to be built in the Indian section.

The ministry has said that the construction of trans-country transmission lines has been given priority to ensure a market for the electricity generated from the power projects for which power purchase agreements have been concluded.

The Nepal Stock Exchange (NEPSE) plunged by 11. 29 points to close at 2, 596. 12 ​​points on Thursday.

Similarly, the sensitive index dropped by 2. 08 points to close at 451. 52 points.

A total of 10,868,146-unit shares of 320 companies were traded for Rs 5. 41 billion.

Meanwhile, Daramkhola Hydro Energy Limited (DHEL) was the top gainer today with its price surging by 10. 00 percent.
Likewise, Sampada Laghubitta Bittiya Sanstha Limited (SMPDA) was the top loser as its price fell by 10. 00 percent.

At the end of the day, the total market capitalization stood at Rs 1. 47 trillion.