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Al-Ghazi Tractors Ltd (AGTL): Growth opportunities ahead – By Insight Research

  • By: Insight Securities (Private) Limited

  • - Published: Monday, 07 October 2024
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Punjab government has introduced a Green Tractor Scheme with an allocation of PKR30bn, which aims to provide 20,000 subsidized tractors to small and medium farmers, ranging from 55HP to 85HP. This scheme would catalyze the demand of tractors in the medium term. AGTL, one of the two tractor producer in the country, is set to benefit from this scheme. Additionally, the government's initiative for corporate farming is also expected to boost tractor sales, as Pakistan has the potential to bring previously uncultivated land under cultivation. Apart from these external factors, the company is also pursuing initiatives aimed at improving operational efficiencies which will boost its bottom line. One such initiative is the launch of an 85HP tractor, w...

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