Board of directors meeting of Nishat Power Limited

Karachi, Nishat Power Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 16, 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 09, 2021 to September 16, 2021.

Nishat Power Limited is a public company limited by shares incorporated in Pakistan on February 23, 2007. The company is a subsidiary of Nishat Mills Limited. The principal activity of the company is to build, own, operate and maintain a fuel fired power station having gross capacity of 200 MW in Jamber Kalan, Tehsil Pattoki, District Kasur, and Punjab, Pakistan. The company has a Power Purchase Agreement (‘PPA’) with its sole customer, National Transmission and Despatch Company Limited (‘NTDC’) for twenty five years which commenced from June 09, 2010.

The total number of shares are 354,088,500. The Earnings per shares is 13.96 in 2020 which was 10.56 in 2019. The Profit After Taxation is 4,942,595,000 in 2020 which was 3,769,549,000 in 2019.