Nishat Chunian Power

Nishat Chunian
Company type	Public
Traded as	PSX: NCL
Industry	Textile
Founded	1990
Founder	Shahzad Saleem
Headquarters	Lahore, Pakistan
Key people	Shahzad Saleem (CEO)
Revenue	Rs. 70.949 billion (US$250 million) (2023)
Operating income	Rs. 5.655 billion (US$20 million) (2023)
Net income	Rs. -871.909 million (US$−3.0 million) (2023)
Total assets	Rs. 69.743 billion (US$240 million) (2023)
Total equity	Rs. 20.572 billion (US$71 million) (2023)
Owner	Shahzad Saleem (22.85%) ; Nishat Mills (13.61%)
Number of employees	7,101 (2023)
Parent	Nishat Group
Subsidiaries	The Linen Company; Nishat Chunian USA Inc.; Sweave Inc.; Nishat Chunian Properties Limited; T L C Middle East Trading L.L.C;
Website	nishat.net
	Footnotes / references; Financials As of 30 June 2023

Nishat Chunian Limited (Urdu: نشاط چونیاں) is a Pakistani vertically integrated textile company based in Lahore.^[2] It is listed on the Pakistan Stock Exchange and is one of the largest textile company of Pakistan.^[3]

Nishat Chunian also operates The Linen Company retail stores located in Lahore, Karachi, and Islamabad.^[4]

History

Nishat Chunian was incorporated in 1990 as a spinning mill by Shahzad Saleem, a nephew of Mian Muhammad Mansha, as part of Nishat Group.^[5] It began commercial operations in March 1991 with a manufacturing facility of 14,400 spindles supplied by Sulzer.^[6]^[7] The company was also listed on the Karachi Stock Exchange in 1991.^[7]

In 1998, Nishat Chunian established a weaving mill.^[5] Two years later, another spinning mill was added.^[5]

In 2013, Nishat Chunian acquired Taj Textiles for Rs. 350 million.^[8]

In 2010, Nishat Chunian established Nishat Chunian Power, a 200MW independent power producer, which is also listed on the Pakistan Stock Exchange.^[5]

In July 2018, Nishat Chunian divested its shareholding in Nishat Chunian Entertainment.^[9]

Subsidiaries

Following are the two subsidiaries:

Nishat Chunian USA Inc.^[10]^[11]
Nishat Chunian Electric Corporation Ltd.^[2]
The Linen Company^[4]

Former

Nishat Chunian Power^[2]
Nishat Chunian Entertainment^[9]

Factories

Nishat Chunian operates factories in the following cities:

Kasur^[4]
Raiwind^[4]

References

^ "Nishat Chunian Limited Annual Report 2023". Retrieved 23 May 2024.
^ ^a ^b ^c Hussain, Dilawar (23 October 2017). "Nishat Chunian expands into power and cinema".
^ "One of Pakistan's largest textile companies, Nishat Chunian to partially suspend operations". DAWN.COM. December 28, 2022.
^ ^a ^b ^c ^d Research, B. R. (June 9, 2020). "Nishat Chunian Limited". Brecorder.
^ ^a ^b ^c ^d Hassan, Taimoor (July 1, 2019). "The pesky wrinkles in the fabric of Pakistan's textile industry". Profit by Pakistan Today.
^ Jamal, Nasir (January 24, 2022). "Need for autonomy". Dawn.
^ ^a ^b "Corporate finance in Pakistan : case studies from an emerging market". : Oxford University Press ; Lahore : Lahore University of Management Sciences. May 13, 1999 – via Internet Archive.
^ "Year of the yarn: Nishat Chunian acquires Taj Textile for Rs350 million". The Express Tribune. July 25, 2013.
^ ^a ^b Farooq, Mohammad (July 26, 2018). "Nishat Chunian sells 100 percent stake in NCEL". Profit by Pakistan Today.
^ Correspondent, Our Equities (January 9, 2013). "Nishat to set up subsidiary in US". DAWN.COM.
^ "Nishat Chunian to invest $1m in US". The Express Tribune. January 8, 2013.

Zdroj:https://en.wikipedia.org?pojem=Nishat_Chunian_Power
Text je dostupný za podmienok Creative Commons Attribution/Share-Alike License 3.0 Unported; prípadne za ďalších podmienok. Podrobnejšie informácie nájdete na stránke Podmienky použitia.

[AR2023-1] "Nishat Chunian Limited Annual Report 2023". Retrieved 23 May 2024.

[auto-2] Hussain, Dilawar (23 October 2017). "Nishat Chunian expands into power and cinema".

[3] "One of Pakistan's largest textile companies, Nishat Chunian to partially suspend operations". DAWN.COM. December 28, 2022.

[auto3-4] Research, B. R. (June 9, 2020). "Nishat Chunian Limited". Brecorder.

[auto2-5] Hassan, Taimoor (July 1, 2019). "The pesky wrinkles in the fabric of Pakistan's textile industry". Profit by Pakistan Today.

[6] Jamal, Nasir (January 24, 2022). "Need for autonomy". Dawn.

[auto1-7] "Corporate finance in Pakistan : case studies from an emerging market". : Oxford University Press ; Lahore : Lahore University of Management Sciences. May 13, 1999 – via Internet Archive.

[8] "Year of the yarn: Nishat Chunian acquires Taj Textile for Rs350 million". The Express Tribune. July 25, 2013.

[nishatchunian-9] Farooq, Mohammad (July 26, 2018). "Nishat Chunian sells 100 percent stake in NCEL". Profit by Pakistan Today.

[10] Correspondent, Our Equities (January 9, 2013). "Nishat to set up subsidiary in US". DAWN.COM.

[11] "Nishat Chunian to invest $1m in US". The Express Tribune. January 8, 2013.

[1]

[2]

[3]

[4]

[5]

[6]

[7]

[8]

[9]

[10]

[11]

v t e Nishat Group
People	Mian Muhammad Mansha (chairman)
Companies	Hyundai Nishat Motors DG Cement (49%) MCB Bank Islamic Bank Nishat Chunian Nishat Mills Nishat Linen
Power stations	Nishat Power Limited Lalpir Power
Malls	Emporium Mall
Hotels	St James's Hotel and Club
Acquisitions	NIB Bank