Business
February 4, 2021
KARACHI: Agha Steel Industries, a leading Steel rebar manufacturing company, has signed a contract with Renewable Power Pvt Ltd for installing a 2.25MW solar power project at its production facility at Port Qasim Karachi, a statement said on Wednesday.
Meezan Bank has been nominated as the lead Islamic banking arranger for the project. This would be among one of the largest solar power projects installed by a steel manufacturer in Pakistan.
The project will initiate a Green Steel Revolution at Agha Steel Industries by helping the sustainability of its energy mix and, at the same time, reducing the burden on the national grid.