Categories: Material Information

GATM invest in K Solar Ltd for renewable energy initiative

In a notification sent to the PSX on 21/03/2024. GATM (Gul Ahmed Textiles Ltd) has announced that it signed a term sheet with K Solar Private Ltd to produce 17.1 MW by renewable energy.

The company’s current solar capacity is 0.5MW and 1.4MW is under the installation phase. After this renewable energy initiative the capacity will increase to 19MW. This renewable energy will play role in cost saving and enhance the operational efficiencies. The commitment to achieve the targets and sustainability will be promised.

The shares of GATM were trading at Rs. 19.31 at market close today.

Aamir Hayat

Recent Posts

Impact of JAC T9 Hunter on GAL stock

Ghandhara Automobil;es Limited's (GAL) strategic entry into the pickup truck market with the launch of…

19 hours ago

Is a 100 bps cut likely at the Jan 27 monetary policy meeting?

Topline Securities (Private) Limited has just published a report on the SBP monetary policy update.

6 days ago

MTL gained 20% in one month, here’s why

Taurus Securities Limited has just published a report on MLT's monthly sales.

6 days ago

What to expect from APL Q2 earnings

AKD Securities has just published a report on APL's Q2 earnings expectations. The firm expects…

6 days ago

What to expect from Pakistan State Oil (PSO) Q2 earnings

AKD Securities has just published a report on PSO's Q2 earnings expectations. The firm expects…

7 days ago

Is Engro Fertilizer (EFERT) a good investment for 2025?

Engro Fertilizers (EFERT) having an effective market position as Pakistan’s second largest urea producer has…

2 weeks ago