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flag Reserve Bank of India rejects IREDA's investment proposal in Nepal's hydroelectric project.

flag The Reserve Bank of India rejected IREDA's proposal to invest in Nepal's 900 MW Upper Karnali Hydro Electric Project. flag Despite this setback, IREDA plans to resubmit the proposal. flag The project involves IREDA, GMR Energy, Nepal Electricity Authority, and SJVN Ltd. IREDA's share price slipped after the announcement.

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