β‘ Flash Summary
Premium Textile Mills Limited has announced the purchase of a 7.5 MW wind turbine through a circular resolution dated November 24, 2025. This acquisition will increase the company’s total wind power capacity to 15 MW, complementing its existing 20 MW of operational solar power generation. The new turbine is expected to be commissioned by the end of December 2026. The company anticipates producing approximately 55.2 GWh annually through wind energy and avoiding 30,000 metric tons of carbon emissions per year. This initiative aligns with the company’s commitment to sustainable practices and aims to cover roughly 67% of its overall energy needs with green energy.
π Key Takeaways
- β Premium Textile Mills to purchase a 7.5 MW wind turbine.
- ποΈ Purchase approved via circular resolution on November 24, 2025.
- βοΈ Company already has 20 MW of operational solar power generation capacity.
- β¬οΈ Total wind power capacity will increase to 15 MW after installation.
- β° Estimated completion and commissioning by December 2026.
- β‘οΈ Anticipated annual production of approximately 55.2 GWh through wind energy.
- π Expected avoidance of 30,000 metric tons of carbon emissions annually.
- π Aims to cover roughly 67% of overall energy requirement through green energy.
- π± Aligns with the company’s commitment to sustainable environment practices.
- π€ Initiative increases contribution of renewable energy in the power mix.
- π Complies with Sections 96 and 131 of the Securities Act, 2015, and Clause 5.6.1(a) of the PSX Rule Book.
- π’ Registered office located at 1st Floor, Haji Adam Chamber, Altaf Hussain Road, New Challi, Karachi.
- π Contact information: Hammad Ullah Khan, Company Secretary, Tel:+9221-32400405-8
- Turbine will be 7.5 MW * 2 = 15 MW
- Previously approved 7.5 MW wind turbine is in progress
π― Investment Thesis
Based on the strategic move towards renewable energy and the potential for long-term cost savings and enhanced sustainability, a BUY recommendation is warranted. This move is expected to improve investor sentiment, attract socially responsible investors, and potentially improve profitability through reduced energy costs. A price target cannot be accurately determined without further financial details of the project. Time horizon is MEDIUM_TERM, pending successful commissioning and realization of projected energy savings.
Disclaimer: AI-generated analysis. Not financial advice.