Sapphire Fibres Limited has disclosed a major transaction: acquiring 50% shares in both UCH Power (Private) Limited and UCH-II Power (Private) Limited. The deal, announced via a notification to the Pakistan Stock Exchange (PSX), marks the company’s strategic expansion from textiles into energy generation. :contentReference[oaicite:3]{index=3}
Strategic Move into Energy Sector
The acquisition involves the transfer of shares that were previously held by UPLHC I Ltd, UPLHC II Ltd (for UCH Power) and by International Power UCH Holdings B.V. (for UCH-II Power). With this transaction, Sapphire Fibres aims to broaden its portfolio beyond textiles and seize opportunities in Pakistan’s power generation sector. :contentReference[oaicite:4]{index=4}
"This acquisition aligns with our long-term vision to diversify our business and participate actively in Pakistan’s energy sector."
Key Achievements
- ›Secured 50% ownership in two major thermal power plants — UCH Power and UCH-II Power.
- ›Successfully completed the transaction as per PSX notice and regulatory approvals.
- ›Diversified business operations beyond textiles into energy generation.
- ›Expanded investment base and opened potential for stable dividend yields.
- ›Strengthened long-term growth prospects by entering the power sector.
Looking Forward
Moving ahead, Sapphire Fibres is positioned to benefit from Pakistan’s growing energy demand. The company may leverage this acquisition to expand further in power generation and balance its revenue streams between textile manufacturing and energy assets.
