GCIL gets approval for setting up of Pakistan's largest Air Separation Unit plant

News Image

MG News | September 23, 2022 at 03:38 PM GMT+05:00

0:00

September 23, 2022 (MLN): Ghani Chemical Industries Limited (GCIL), one of the subsidiary Companies and the largest manufacturer of medical and industrial gases in Pakistan) has received the approval from both the Environment Department, and the Hattar Special Economic Zone of KPK, for the setting up of Pakistan's largest Air Separation Unit (Oxygen manufacturing) plant, company’s filing on bourse showed today.

The plant will have the capacity of producing 270 ton per day of Medical and Industrial Gases.

The company said that the plant shall cater to the growing demand for the medical and industrial gases of KPK, Gilgal Baltistan, Central Asia and other upcoming CPEC projects of Pakistan.

The company further revealed that after the sanction of merger scheme by the Honorable Lahore High Court, G3 Technologies Limited (GTECH / another listed associated company) will stand merged into GCIL, and GCIL will get the status of a listed entity at PSX.

The decision of the merger petition is expected shortly, it added.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,525.00 119,440.00
118,220.00
230.00
0.19%
BRENT CRUDE 72.64 73.17
71.75
0.13
0.18%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 69.38 69.79
68.45
0.17
0.25%
SUGAR #11 WORLD 16.39 16.58
16.37
-0.20
-1.21%

Chart of the Day


Latest News
July 30, 2025 at 05:54 PM GMT+05:00

Pakistan BCI decreased by 1.2 points in July


July 30, 2025 at 05:17 PM GMT+05:00

Pakistan consumer confidence falls to 40.1 points in July


July 30, 2025 at 05:03 PM GMT+05:00

PKR rises by 10 paisa against USD


July 30, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: You Can’t Always Get What You Want



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg