Amreli Steels Ltd. has terminated its agreed to form joint venture with Qingdao Huijintong Power Equipment Co. Ltd., The companies intended to name the joint venture company as Huijintong-Amreli (Pvt) Ltd. and to be located in Pakistan. Amreli Steels intended to have a 65% equity stake in the joint venture company, with an investment of PKR 1,040 million (USD 9.79 million).

Deal History announced on November 20, 2017, Amreli Steels agreed to form joint venture with Qingdao Huijintong Power Equipment to produce and sell electric transmission towers and metal structure products.