Energy Central News

Curated power industry news from thousands of top sources.

News

Annual general meeting of The Hub Power Company Limited to be held on October 05, 2021

  • Sep 3, 2021 8:29 am GMT
  • 71 views
Source: 
Pakistan Company News

The Hub Power Company Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on October 05, 2021 through video link.

The agenda of the meeting will to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended June 30, 2021, to approve and declare the final dividend of PKR 5.0 (50%) per share as recommended by the Board of Directors for the year ended June 30, 2021, to appoint A. F. Ferguson & Co. , Chartered Accountants as Auditors of the Company and to fix their remuneration for the year ending June 30, 2022, to elect 7 (Seven) Directors in accordance with the Companies Act, 2017 for a term of three years commencing from the date of holding of AGM i.e. October 05, 2021.

Further, the closed period of the company is from September 25, 2021 to October 05, 2021 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/171305.pdf

The Hub Power Company Limited was incorporated in Pakistan on August 1, 1991 as a public limited company. The principal activities of the Company are to develop, own, operate and maintain power stations. The Company owns an oil-fired power station of 1,200 MW in Baluchistan (Hub plant). Narowal Plant is also an RFO-fired, engine based, combined cycle power station, located at Mouza Poong, Narowal in Punjab.

The Company also holds 75% controlling interest in Laraib Energy Limited, which is a run off the river hydel power plant downstream of Mangla Dam in Azad Jammu and Kashmir. The joint-venture with China Power International Holdings (CPIH), a 1320MW imported coal-based power plant, China Power Hub Generation Company Limited (CPHGC) has started its commercial operations providing energy to over 4 million households.

The total numbers of shares are 1,297,154,400. The Earnings per shares of the Company is 7.84 in 2020 which was 6.70 in 2019. Their Profit after Taxation is 10,166,739,000 in 2020 which was 8,036,981,000 in 2019.

Discussions
Spell checking: Press the CTRL or COMMAND key then click on the underlined misspelled word.

No discussions yet. Start a discussion below.

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »