Avansion Limited (AVN) announced on Thursday that it has secured major projects worth $9 million in Pakistan’s energy, infrastructure, and hospitality sectors.
According to sources, the listed company informed the Stock Exchange of this development through an official notice. AVN stated that these achievements will not only streamline operations for clients but also significantly enhance overall profitability through advanced automation and digitalization. For energy sector projects, the technology company has been issued a Letter of Intent totaling $5.7 million. The company will provide terminal automation and transformation solutions, including solar-powered control systems, sustainable communication networks, central SCADA integration, and cybersecurity in line with IEC 62443 standards.
Additionally, Avansion has secured new projects worth $3.3 million in the hospitality, retail, and real estate sectors. These projects include the provision of advanced ELV, BMS, fire alarm systems, guest room management, and IT network solutions. The company added that these projects will positively impact the group’s business and create profitable value for shareholders.
It is worth noting that Avansion Limited was registered in Pakistan as a private limited company on March 26, 2003, and converted into a public company on March 31, 2008, under the repealed Companies Ordinance, 1984. The company’s core activities include trading in automation and control devices and providing related technical services.
