KARACHI: Chief Executive Officer, Ghani Gases Limited (GGL), Atique Ahmad Khan, said on Thursday that with the launch of new plant in Karachi, they had emerged as top ranking manufacturer of industrial and medical gases.
“GGL has one of the largest distribution network with carrying capacity of 234,000 liters of gas at a time,” he said while holding a corporate briefing for investors at Karachi Stock Exchange (KSE) after inauguration of its 2nd gas plant in Port Qasim Industrial Zone Karachi.
Khan said that although competition was very tough with local and multinational companies, his company attained 35% to 40% share of the market in a very short span of time.
He said that GGL had installed its 2nd Plant in Karachi at Port Qasim which had started production with 110 tons daily capacity. “It will cater to the gases needs of our South region customers,” he said.
Khan said that the storage capacity of his company was more than the combined storage capacity of whole industrial and medical gases manufacturers.
He said that due to prevalent energy crises in Pakistan, GGL was going to install six MW coal fired power generation plant at Phool Nagar Lahore and subsequently, at Port Qasim as well. “The daily generation capacity will be 144,000 KWH and the project will cater to the energy requirement of GGL Unit-I and Glass Tubing Project,” he added.
He said that the project cost was estimated at Rs 900 million. Advanced emission controlled and state of the art technology will be used to generate electricity, he concluded.
Later a question session was also held in which GGL Chairman Masroor Ahmad Khan and Atique Ahmad Khan answered different questions of investors. Italian and Chinese investor also attended the corporate briefing.