some important point from FY13 Annual Report of GGL (the parent company)
GGG acquired 108 kanal land during 2008 for the project, gas connection has already obtained
company is making equity investment of 45m i.e 4.5m shares in Ghani Global Glass ltd. Fair falue based on DCF method is Rs.49.78 but ggl is acquiring at par value 10. Breakup value based latest financials is 9.66.
2013 profit=73982, eps 0
2012 loss 111587, eps 0
2011 loss 666053 eps(0.02).
project of GGG is adjacent to GGL-1(near Lahore). On successful commissioning of this in oct-14 GGL will b bulk supplier of industrial gases to GGG as well. civil work 75% done . L/C for machinery opened by nov13, machinery expected aug14, and is planned to be errected by oct 14. Project is expected to be commercially operational by Nov14. project is commissioned hopefully in oct14.
Expected time by which the project shall start paying return on investment is by JUNE 2015.