β‘ Flash Summary
Premium Textile Mills Limited has announced the approval of a 7.5 MW wind turbine purchase by its Board of Directors, with an estimated cost of USD 4,150,000. This investment aligns with the companyβs commitment to sustainable environment practices and will increase the contribution of renewable energy in its power mix. Upon completion of this project, along with the previously installed 20 MW of solar power and an earlier approved 7.5 MW wind turbine, the company expects to significantly boost its green energy production. The company anticipates the new turbine to be commissioned by the end of December 2026.
π Key Takeaways
- β Premium Textile Mills approved a 7.5 MW wind turbine purchase.
- π° The projectβs estimated cost is USD 4,150,000.
- π€ The investment aligns with a commitment to sustainable practices.
- β‘οΈ The project will increase renewable energy contribution to the power mix.
- βοΈ The company already has 20 MW of operational solar power capacity.
- π¨ An earlier approved 7.5 MW wind turbine is under installation.
- π Total wind power capacity will increase to 15 MW after the new turbine.
- π The new turbine is expected to be commissioned by December 2026.
- βοΈ The company expects to produce approximately 55.2 GWh annually through wind energy.
- π The project should avoid 30,000 metric tons of carbon emissions per year.
- πΏ Green energy (solar + wind) will cover roughly 67% of the overall energy requirement.
- π§Ύ This disclosure is in compliance with Sections 96 and 131 of the Securities Act 2015.
π― Investment Thesis
Based on the announcement of the wind turbine purchase and the companyβs commitment to renewable energy, I recommend a HOLD rating for Premium Textile Mills. The strategic shift towards green energy is promising, but the financial impact is not immediately clear. I am assigning a price target of PKR [requires further analysis] with a time horizon of MEDIUM_TERM (12-18 months) pending detailed financial data. BUY only after reviewing balance sheets.
Disclaimer: AI-generated analysis. Not financial advice.