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IGI Securities Limited – Investor Kit

Karachi, January 04, 2018 (PPI-OT): Top News

Sazgar Engineering Works Limited on Wednesdayannounced its board has approved an investment ofRs1.76 billion to develop a four-w heeler assembly plantwith a capacity of 24,000 units per annum. In September2016, Sazgar had announced an investment of Rs330million to expand its auto rickshawproduction capacityfrom 20,000 units to 30,000 units per year. The companyposted a net profit of Rs108 million in fiscal year 2016, up46 percent from Rs74 million in the previous year.https://www.thenews.com.pk/print/264099-sazgar-plans-new-auto-plant

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