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

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

Posted on:2022-09-23T15:38:05+05:00

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