Pakistan, May 15 -- Ali Asghar Textile Mills Limited (AATM), a former textile unit turned logistic service provider, is developing a 1,00KW (1MW) solar power project, which has now entered the execution phase.

The listed company disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Wednesday.

"We are pleased to inform our shareholders and the investing public that the 1,000KW solar power project being developed by our wholly-owned subsidiary, Fazal Solar Energy (Private) Limited, has entered the execution phase," read the notice.

The company shared that a majority of the equipment for the project has been delivered to the site, and installation activities are currently underway. The Engineering, Procurement and ...