Page 15 - Heavy Electrical Complex News Today : Breaking News, Live Updates & Top Stories | Vimarsana

ISLAMABAD: The Priva­t­i­sation Commission (PC) on Friday announced on Friday that nearly a dozen potential investors have exp­r­e­ssed int­e­r­est in acquiring the Heavy Electrical Complex (HEC) — the only public sector entity which has the capacity to produce 70 hea­vy power transformers eve­ry year for all power distributing companies in the country. Four local investors have already submitted their exp­r­ession of interest (EoI) whe­r­eas some more are expected from local and foreign investors by Feb 9, which is the last date for submission. At a roadshow held in Lah­ore...

Privatisation Commission holds road show for Heavy Industrial Complex Business February 6, 2021 ISLAMABAD: The Privatisation Commission (PC) arranged a road show in Lahore for at least 10 potential investors interested in acquiring the Heavy Electrical Complex (HEC) located in Hattar Industrial Estate, a statement given by the ministry said on Friday. Federal Minister for Privatisation Mohammadmian Soomro, Secretary Privatisation Commission Hassan Nasir Jamy along with transition advisors attended the road show. Interested potential investors, including M/s Jaffer Brothers, PEL, Waves Singe...

Waves shows interest in buying Heavy Electrical Complex Business February 2, 2021 KARACHI: Waves Singer Pakistan has expressed intention to acquire 96.6 percent shares of Heavy Electrical Complex from the government, it said on Monday. “The board of directors of Waves Singer Pakistan Limited (WSPL) has approved submission of an expression of interest (EOI) for the acquisition of 96.6 percent shares in Heavy Electrical Complex (Private) Limited (HEC) from the Government of Pakistan by way of privatization process,” a bourse filing said. “The EoI will be followed by a detailed due dili...

Waves Singer Pakistan Eyeing Acquisition of Heavy Electrical Complex Waves Singer Pakistan Limited is looking to acquire 96.6 percent shares in the Heavy Electrical Complex (HEC) by way of privatization. Its Board of Directors has decided to submit an Expression of Interest (EOI) to participate in the privatization process of the HEC that was put on the list of privatization by the government. In November 2020, the Cabinet Committee on Privatization (CCoP) had approved the transaction structure for the divestment of 96.6 percent shares of the HEC which is a Private Limited Company under the ...

Market watch: Profit-booking drags KSE-100 down Benchmark index falls 137.09 points to settle at 46,248.45 KARACHI: Bulls took a break at the Pakistan Stock Exchange on Monday as profit-booking pulled the benchmark KSE-100 index lower by 137 points. Index-heavy cement and financial sectors faced modest selling, which fuelled the downtrend. A lack of positive triggers that could give direction to the market dented investor interest, leading to divestment of stockholdings, which erased early gains. In the morning, trading began with a spike and the market inched closer to the 47,000-point mark....