Thal Limited approves $16 million investment for grain storage and milling facility in Muzaffargarh

Thal Limited has announced plans to set up a high-quality grain storage and milling facility in Muzaffargarh, Punjab, through a wholly-owned subsidiary. The company’s Board of Directors approved the initiative during a meeting on September 11, 2025.

Thal Limited disclosed this information through a notification to the Pakistan Stock Exchange (PSX) on Friday in accordance with Section 96 and 131 of the Securities Act, 2015 and Regulations 5.6.1(a) of the PSX regulations.

“The Board of Directors of Thal Limited (the “Company”), in its meeting held on September 11, 2025, approved the incorporation in Karachi, Pakistan under the provisions of the Companies Act 2017, of a wholly owned subsidiary, as a private company limited by shares, to set up a high quality storage facility for major grains such as wheat and corn,” read the notification.   

Alongside storage infrastructure, the new company will also integrate milling solutions to process and mill grains, with improved quality and value. The grain storage and milling facility will be located in Muzaffargarh, Punjab. 

The board have also approved an investment of up to $16 million or equivalent in Pakistani rupee in such wholly-owned subsidiary which is subject to compliance with all applicable statutory and legal requirements, 

The investment will be executed in phases, with completion expected within 20 months. This initiative is expected to play a significant role in improving Pakistan’s food security in the future. 

Thal Limited was incorporated on January 31, 1966 as a public company limited by shares under the Companies Act, 1913 (now the Companies Act, 2017). The company is engaged in the manufacture of jute goods, engineering goods, papersacks and laminate sheets.