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Gadoon Textile Mills to no longer invest in Tricom Wind Power: PSX

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August 30, 2019 (MLN): Gadoon Textile Mills Limited notified through PSX that it will no longer invest in Tricom Wind Power (private) limited (the associated company) due to sudden increase in interest rates from 7% to 13.80%, devaluation of the currency and the significant capital expenditure carried out during the year on account of Balancing Modernization and Replacement (BMR).

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Posted on: 2019-08-30T12:15:00+05:00

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