SSGC, SNGPL sign MoU to improve Meter Manufacturing Plant efficiency

MG News | November 22, 2021 at 10:24 AM GMT+05:00

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November 22, 2021 (MLN): Sui Southern Gas Company Limited (SSGC) and Sui Northern Gas Pipelines Limited (SNGPL) have signed a Memorandum of Understanding (MoU) to form a joint venture (JV) arrangement related to SSGC's Meter Manufacturing Plant (MMP) to improve business sustainability of the plant.

In a notice issued by SSGC to Pakistan Stock Exchange (PSX) on Monday, the memorandum has been inked for reviewing the provision of a mutually acceptable framework for future cooperation and collaboration.

Earlier on Nov 12, 2021, the board of directors of SNGPL gave conceptual approval to engage the services of a transaction advisory firm for initiation of a detailed technical, financial, commercial, legal, and regulatory due diligence of MMP owned by SSGC.

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