Treet Corp begins trial operation on its “Lead Acid Battery” plant

News Image

By MG News | November 30, 2017 at 12:32 PM GMT+05:00

0:00

Notifying via a press release, the Treet Corporation has informed that it has started trial production of batteries at its newly built Battery Project plant. The plant was funded by issuing a 150% Right Issue in 2015.

The company received a sum of around Rs. 2.26 billion for the said right issue against a target of Rs. 4.04 billion. The funds were used to acquire 40 Acres land in M3-Industrial City, Faisalabad for “Lead Acid Batteries Project”.

In its quarterly report on the project completion, the company in its 10th August circular informed the exchange that almost 99% work had been completed on the project. The company had set a date during first week of October for its trial run at Battery Production, with a tentative date for its commercial operations sometime around November. However, due to some unforeseen delays the company couldn’t complete the projects in stipulated time.

The company in its November 30th letter mentioned that the company will soon begin commercial production after it achieves successful trials.

According to earlier releases the company was to begin commercial operations from the month of November.

The Battery Project plant is to have its own 13 MW Grid Station which will provide for the energy needs at the plant.

Related News

Name Price/Vol %Chg/NChg
KSE100 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,545.00 110,525.00
107,865.00
-870.00
-0.79%
BRENT CRUDE 67.88 67.96
67.22
-0.42
-0.61%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.06 67.18
65.40
-0.94
-1.40%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 05, 2025 at 11:58 PM GMT+05:00

Weekly Market Roundup


July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola


July 04, 2025 at 08:01 PM GMT+05:00

TRG in Supreme Court



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg