Board of directors meeting of Altern Energy Limited

Karachi, Altern Energy Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 28, 2021 at Lahore. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from September 20, 2021 to September 28, 2021.

Altern Energy Limited was incorporated in Pakistan as a listed public company limited. The Company is subsidiary of Descon Engineering Limited.

The objective of the Company is to generate and supply electric power to the Water and Power Development Authority of Pakistan (WAPDA) from its thermal power plant having a gross capacity of 32 Mega Watts (June 30, 2016 : 32 Mega Watts). The Company also holds direct and indirect investments in other companies engaged in power sector. The registered office of the Company is situated at Descon Headquarters, 18 km, Ferozepur Road, Lahore.

The Shares of the Company are quoted on Pakistan Stock Exchange, and the symbol “ALTN” is being used for the shares of the Company.

The total number of shares the company has issued are 363,380,000. Earnings per Share has increased in 2020 and is 4.65 which was 2.63 in 2019. The Profit after Taxation in 2020 is 1,689,621,000 which was 954,822,000 in 2019.