Nepal Oil Corporation Plans IPO After Rs 13.5 Billion Profit

Nepal Oil Corporation (NOC) is planning to launch an Initial Public Offering (IPO) following a record profit of Rs 13.5 billion, marking a significant milestone for the state-owned enterprise. The move aims to attract investment, expand capital, and increase transparency in its operations.

Officials stated that the IPO will allow the public to participate in the growth of NOC while strengthening the corporation’s financial base for future expansion. The record profit reflects efficient management, growing demand for petroleum products, and better operational practices.

Market analysts say the IPO could generate strong interest from investors due to NOC’s stable performance and its vital role in Nepal’s energy sector. The initiative is also expected to enhance corporate governance and open avenues for modernization in supply and distribution.