Production at Arshad Energy remains halted during quarter

MG News | April 04, 2022 at 02:13 PM GMT+05:00

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April 04, 2022 (MLN): Arshad Energy Limited (AEL) has informed through a notice to exchange that the current furnace prices are not feasible for the plant operations, hence, the company’s plants are still having no production during the quarter ended March 31, 2022.

The management is pursuing the implementation of an alternate/revival business plan which had been approved by shareholders in an extra general meeting (EOGM) held on February 24, 2022.

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