AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad, Gharibwal Cement Limited has announced the successful completion of a 12-megawatt solar power plant at its Ismailwal site in District Chakwal, aiming to cut power costs.
According to the details provided on June 28, 2024, the newly installed facility has commenced power generation. This development is expected to reduce the electricity expenses for the cement manufacturer significantly. The project completion and the operational status of the solar power plant were disclosed in compliance with the Securities Act, 2015, and the regulations set forth by the Pakistan Stock Exchange Limited.
According to information available from the Pakistan Stock Exchange (PSX), Gharibwal Cement has fulfilled all necessary regulatory requirements in the disclosure of this inside information. The company has provided a formal disclosure form, which includes essential details like the registered address of the company at 27-H, Pace Tower, 1st Floor, Colleger Road, Gulberg II, Lahore, and contact information for Mr. Farukh Naveed, the Company Secretary.
This strategic move by Gharibwal Cement not only emphasizes its commitment to sustainable practices but also aligns with broader environmental goals by adopting renewable energy sources. The stakeholders and TRE Certificate Holders of the exchange have been duly informed about this significant development.