Din Textile Mills to install 8 MW of solar panels

MG News | April 16, 2024 at 12:24 PM GMT+05:00

0:00

April 16, 2024 (MLN): The Board of Directors of Din Textile Mills Limited(PSX: DINT) has accorded approval to the management of the company to sign contracts with multiple vendors in respect of installation of Solar Panels and Accessories up to 8 MW in total.

The company disseminated this information through a notice issued to the Pakistan Stock Exchange today.

The current installed solar capacity stands at 5.5 MW and LC for 2.5MW is in process of opening.

The company's initiative will play a key role in cost savings and reinforces its proactive efforts to diversify its energy portfolio, enhance operational efficiencies, and mitigate long-term energy risks, it said.

Furthermore, it reinforces the company’s commitment to achieving its sustainability targets in line with global best practices and regulatory requirements, the notice added.

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