Karachi, Nishat Power Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 13, 2023 at Lahore. The agenda of the meeting will to consider the Quarterly Accounts for the period ended December 31, 2022.
Further, the company has declared the closed period from February 06, 2023 to February 13, 2023.
Nishat Power Limited is a public company limited by shares incorporated in Pakistan on February 23, 2007. The company is a subsidiary of Nishat Mills Limited. The principal activity of the company is to build, own, operate and maintain a fuel fired power station having gross capacity of 200 MW in Jamber Kalan, Tehsil Pattoki, District Kasur, and Punjab, Pakistan. The company has a Power Purchase Agreement (‘PPA’) with its sole customer, National Transmission and Dispatch Company Limited (‘NTDC’) for twenty five years which commenced from June 09, 2010.
The total number of shares are 354,088,500. The Earnings per shares is 13.96 in 2020 which was 10.56 in 2019. The Profit After Taxation is 4,942,595,000 in 2020 which was 3,769,549,000 in 2019.
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