JS Group to Invest 2 Billion in Energy Sector

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JS Group to Invest 2 Billion in Energy Sector

Post by annascott on Thu Dec 21, 2017 4:21 am

JS Group is hoping to contribute up to Rs. 2 billion in different tasks of energy, oil and infrastructure through its entirely possessed subsidiary Energy Infrastructure Holding (Pvt) Limited.

As per the stock documenting, JS Group’s top managerial staff has affirmed long-term equity investment of up to Rs. 2 billion for its completely possessed subsidiary Energy Infrastructure Holding (Pvt) Limited.

The activity will be finished by the membership of right shares. The shares will be offered by Energy Infrastructure Holding (Pvt) Limited for forwarding investment in the energy, oil and infrastructural segments.

Energy Infrastructure Holding (Private) Limited (the Company) was fused under the Companies Ordinance, 1984 on April 15, 2008 as a private limited organization. Its net resources incorporate interests in shares having conveying estimation of Rs. 835.740 million by end of 2016.
JS Group is a financial services group in Pakistan, founded in 1971 by Jahangir Siddiqui

The primary exercises of the organization are to configuration, develop, procure, possess, work and keep up power generation complexes and to bear on the matter of power generation, control transmission, and circulation administrations, upgrading and refueling of energy plants and so forth.

The JS Group additionally endorsed raising assets to Rs 1.5 billion through the issuance of term fund certificates.

JS Group is one of the greatest conglomerates in Pakistan which has been extending persistently its investment horizon in diversified divisions particularly inside Pakistan.
A year ago, JS Group through its auxiliary JS Infocom had reserved Rs. 4 billion for making interest in the segments of telecommunication, innovation, and media.

JS Group recorded a profit of Rs. 617 million in the previous nine months of 2017 when contrasted with Rs. 607 million recorded in a similar time of 2016

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