WAHDAT acquires land in Sargodha for pasteurization plant

Mettis Link News reported that Wahdat Poultry Farm Limited (PSX:WAHDAT) has purchased a plot of 1.02 acres in the Bhalwal Industrial Estate in Sargodha district. The land will host a proposed pasteurization plant, and the purchase cost Rs28.13 million, paid from proceeds of the company's initial public offering. According to the company, the purchase follows the spending plan set out in its IPO prospectus.

The company called the purchase a key milestone in its value-added expansion strategy. It expects the pasteurization plant to lift processing capacity, allow diversification into value-added egg products, and improve operational efficiency and competitiveness in the market.

Wahdat said it is committed to completing its expansion projects on schedule and will keep the PSX and shareholders updated on significant developments. Updates will cover construction progress and the fitting of plant and equipment. The disclosure was made through a notice filed with the PSX.