Mehran Sugar Mills moves to wind up energy subsidiary

MG News | August 28, 2025 at 10:45 AM GMT+05:00

0:00

August 28, 2025 (MLN): Mehran Sugar Mills Limited (PSX: MRNS) has shared that it has begun winding up its wholly owned subsidiary, Mehran Energy Limited (MEL), according to the company's statement issued today.

MEL, incorporated in 2016 with a paid-up capital of Rs40 million, was established to develop a 26.5 MW bagasse-based high-pressure co-generation project.

However, the project was stalled after the Central Power Purchasing Agency Guarantee (CPPA-G) declined to sign both the Implementation Agreement (IA) and the Power Purchase Agreement (PPA), key requirements for moving the project forward.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,540.09 273.33M	1.20% 2020.15
ALLSHR	101,654.15 614.44M	1.32% 1326.46
KSE30	51,663.41 135.67M	1.46% 745.04
KMI30	246,947.13 125.23M	1.35% 3299.62
KMIALLSHR	66,399.54 322.22M	1.29% 844.18
BKTi	46,855.54 37.10M	1.07% 494.00
OGTi	35,299.85 17.52M	2.69% 923.41

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	74,870.00	75,580.00 74,570.00	-305.00 -0.41%
BRENT CRUDE	96.41	96.59 94.43	1.48 1.56%
RICHARDS BAY COAL MONTHLY	103.25	0.00 0.00	0.15 0.15%
ROTTERDAM COAL MONTHLY	103.50	0.00 0.00	0.35 0.34%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	92.52	92.71 90.52	1.23 1.35%
SUGAR #11 WORLD	13.60	13.68 13.57	0.09 0.67%