Written by The Board of Directors of Din Textile Mills Limited (PSX: DINT) has accorded approval to the management of the company to sign contracts with multiple vendors in respect of installation of Solar Panels and Accessories up to 8 MW in total.
The current installed solar capacity stands at 5.5 MW and LC for 2.5MW is in process of opening.
The company’s initiative will play a key role in cost savings and reinforces its proactive efforts to diversify its energy portfolio, enhance operational efficiencies, and mitigate long-term energy risks, it said.
Furthermore, it reinforces the company’s commitment to achieving its sustainability targets in line with global best practices and regulatory requirements, the notice added.