Chakwal Spinning Mills Invests Rs1.6 Billion in Cloud Tech

Chakwal Spinning Mills Limited is taking a significant step forward in expanding its business scope. The company has announced an investment of over Rs. 1.6 billion in data center and cloud operations in Pakistan, marking a clear shift from its traditional textile business. A term sheet worth Rs. 1.1 billion has already been approved by the Board of Directors, while an additional Rs. 500 million investment is currently under review. The board has authorized the company’s chairman to finalize the pending agreement.

This move aligns with Chakwal Spinning Mills’ broader strategy to diversify and strengthen its presence in the Information Technology sector. The company has confirmed that all plans will be carried out in accordance with the Companies Act 2017 and relevant regulatory requirements.

Earlier this year, the company rebranded as Infini Data Technologies Limited, formally announcing its shift toward IT-focused operations.

In August 2024, it signed a Rs. 7.784 billion term sheet with PNO Capital Limited to support the launch of data center and cloud services in the country. These developments reflect a committed transformation and a forward-looking approach to future growth.