1^st Quarter Review Session of Farda Taali Pishro Technology Company Convenes

Tehran- A meeting to measure three-month performance of Farda Taali Pishro Technology Company was held on Monday, July 10.

Ali Mahmoudi, an executive board member, Seyyed Mohammad-Saber Parvaresh, deputy chief of Sadr Tamin Investment Company (TASSICO) for companies’ affairs, Mohammad-Reza Rezvanianzadeh, deputy TASSICO chief for plans and projects, Zahra Asghari, acting manager of investment and economic studies department, Hadi Kamali, chief executive of Sadre Farda Company and other senior managers and directors attended the meeting to evaluate the performance of the company in the 1^st quarter (March 21-June 21, 2023) of the Iranian year to March 19, 2024.

Kamali explained about the performance of the company in financial, operations, human resources, transparency, challenges and achievements, capital increase and future plans fields during the meeting, which was held at Conference Hall of Sadr Tamin Investment Company, TASSICO’s website reported.

On the performance measurement of the company in the 1^st quarter, Kamali referred to the role company played in various processes including plans to study and evaluate investment chances, value chain evaluation of carbon, lithium, nickel and cobalt, technological development of magnesium, prefeasibility study of the project to extract valuable elements from coal, studies on value chain carbon development and identifying investment opportunities in downstream copper industry, especially in copper alloys.

The chief executive said that some agreements were reached with TASSICO to implement a couple of these projects and plans.

He listed lack of maverick financing, shortage of qualified workforce, TASSICO’s indiscriminatory dealing with Farda Taali Pishro Technology Company in comparison to other subsidiaries in the fields such as budgeting, supervision and evaluation as challenges facing the company.

Kamali suggested founding a bourse fund, issuing permission to employ new workforce and changing the approach towards Farda Taali Pishro Technology Company as ways to remove the obstacles and challenges.

Participants urged the company’s managers to accelerate support and development for new businesses in the mining and mines industry at the end of the meeting.    

Sadre Farda Company, a business accelerator in the mining and metallurgical sector, has adopted a novel approach to develop technology and accelerate new business mining and mines industry. It has created long-term shareholder value through corporate sustainability business approach and plays an outstanding role in the country’s innovation ecosystem and knowledge economy.