Master Group started its operations by entering the bedding industry in 1963. Today it controls 50% of the market share for the bedding industry in Pakistan.
Master Green Energy Limited (MGEL) is the company’s second project in the wind power sector. Master Wind Energy Limited, achieved commercial operations status on 14 October 2016. It was its first jump into the realm of renewable energy.
In a notification sent to the PSX, the company stated that:
“It is hereby informed to all concerned that Master Wind Energy Limited has applied for Listing on the Exchange and has submitted the draft Prospectus for the offer of shares to the General Public/ Retail Investors.’’
The draft Prospectus of the Company has been placed on the website of the Pakistan Stock Exchange under caption “Public Comments on Draft Prospectus of Master Wind Energy Limited” for seeking public comments as required under Section 3 (11) of the Public Offering Regulations, 2017 and the Regulation No. 5.2.2 (ac) of Listing of Companies and Securities Regulations of PSX.”
About the Group
Master Group is one of the most dynamic and diverse business groups of Pakistan.
The group also compromises of Master Moltyfoam which has become a household name, innovating from a technical collaboration with Bayer Germany, Master Celeste.
Master Group is not only the leading player in the bedding market, but has also diversified over the period into the textile, chemicals, automobile, engineering and energy sectors.
And now with Master Wind Energy Limited, it intends to enhance its presence in the energy sector, with a second 100 MW wind project in Sindh.