Karachi, S. S. Oil Mills Limited informed Pakistan Stock Exchange Firstly, that the company had imported a GROUND MOUNTED GRID TIED SOLAR PV SYSTEM with an installed capacity of I MW. The project is being financed through State Bank of Pakistan SFRE Scheme. This solar based energy generation system will provide low cost energy to the company.
The system will be tied with grid through reverse metering. This solar system is under installation and will become operational in the current financial year and will participate in the cost saving drive of the management resulting in the better financial results.
Secondly, the company is continuously involved in BMR and at present further machinery/equipment are in the process of import and installation. This will increase the per day crushing capacity from 300 Metric Tons to 400 Metric Tons. We anticipate that this machinery/equipment will become operational in the current financial year.
Thirdly, we have had erected a cooking oil plant, which is now in the process of finalization and will become operation in the current financial year. The capacity of the plant is 80 Metric Tons per day.
S.S. Oil Mills Limited has a modern Edible Oil Solvent Extraction Plant, situated at Vehari. The project incorporates the latest techniques of processing, oilseed storage and quality control systems to ensure a consistently high standard in its products. The plant’s capacity for processing of oilseeds is 90,000 M. Tons per annum.
The Company was incorporated on August 21, 1990 as a Public Limited Company and its shares are quoted on the Karachi and Lahore Stock Exchanges. The principal object of the Company is to carry on the business of Extracting, Refining, Processing and sale of Edible Oil, Meal and bye products.
The symbol “SSOM” is being used by the stock exchange for S.S. Oil Mills Limited.