NIBL Equity Partners Investment: Laxmi Steels Expansion, Nepal Steel Industry Growth
27th March 2025, Kathmandu
NIBL Equity Partners, managed by NIMB Ace Capital, has signed an investment agreement with Laxmi Steels Limited. The signing event took place in Kathmandu on March 25.
NIBL Equity Partners Investment
NIMB Ace Capital Chairman Sachin Tibdewal and Laxmi Steels Director Bimal Kumar Sawarthia represented their respective companies.
Laxmi Steels: A Key Industry Player
Laxmi Steels, established in 2008 under the Saurabh Group, is a major steel manufacturer in Nepal. The company produces TMT rods, blades, and ribbed wires. It operates a modern production facility in Sunwal, Nawalparasi. The company has played a crucial role in Nepal’s infrastructure development with high-quality steel products.
Investment to Boost Growth
This investment will help Laxmi Steels expand production, improve efficiency, and grow its market presence. It will also strengthen the company’s ability to meet rising demand.
Tibdewal expressed excitement about the partnership. “We are pleased to collaborate with Laxmi Steels. NIBL Equity Partners focuses on businesses that drive economic growth. This investment will help Laxmi Steels achieve new milestones,” he said.
Sawarthia called the agreement a “golden opportunity.” He believes the partnership will help Laxmi Steels grow and contribute more to Nepal’s economy.
Impact on Nepal’s Industrial Sector
The collaboration will strengthen Nepal’s steel industry. It combines financial expertise with manufacturing excellence. The partnership aims to bring long-term benefits to stakeholders and support infrastructure development.
Laxmi Steels plans to increase production and expand operations. The company is committed to quality and innovation. This investment will help improve its market position.
NIBL Equity Partners continues to invest in businesses that promote economic growth. The firm supports industries that contribute to national development. Through this partnership, it aims to enhance Nepal’s industrial capacity.
This agreement marks a key step for both companies. It reflects confidence in Nepal’s growing steel sector. The investment is expected to create new opportunities and strengthen the country’s industrial base.
For more: NIBL Equity Partners Investment
