KATHMANDU: A massive fire that broke out at a steel factory at Bakaspur of Banke Janaki Rural Municipality-5 on Thursday morning under the Ambe Steels Limited under the Neupane Group was brought under control after 13 hours.
According to the District Police Office, Banke, the fire that broke out at around 1.30 am on Thursday brought the fire under control with the help of fire engines, factory workers and security personnel.
No human casualty was reported during the fire, according to the police office. According to the police, the fire broke out in a tank where furnace oil, which is used to generate high-temperature heat required for smelting iron. The fire broke out in a tank carrying 2 lakh litres of fuel. The damage is estimated to be worth Rs 1.56 crore.
The company had recently announced that it would issue shares to the general public at a premium price. According to the company, it plans to issue a total of 1,11,92,727 shares to the local residents and the general public. The company will issue a total of 1,11,92,727 shares for the local residents and the general public. The company has decided to issue shares at a premium of Rs. 203 per share. Nabil Investment Banking Limited has been given the responsibility of managing the share issue to complete the necessary process.
