Aisha Steel Mills reports fire incident in one of its production facilities

News Image

MG News | January 07, 2020 at 03:45 PM GMT+05:00

0:00

January 7, 2020 (MLN): Aisha Steel Mills has reported a fire incident that occurred at the Rolling Mill of the old plant (Line-1) of the company, situated at DSU-45, Pakistan Steel, Downstream Industrial Estate, Bin Qasim, Karachi.

According to the notification issued by the company in this regard, the fire broke out at around 10.15 a.m., on January 7, 2020, which was brought under control within thirty minutes using the in-house firefighting system.

‘Fortunately, all the staff members are safe and there has been no loss or injury to human life’ the notice stated.

‘Also, there was no damage to all other facilities except the old rolling mill’ it added.

The cause of the accident and the extent of damage is under investigation. The Company is also in contact with the Insurance Company and taking appropriate steps to ensure the early start of the repair works.

Recently commissioned Line-2 consisting of Rolling Mill (CCM) having annual capacity of 500,000 tons, Continuous Galvanizing Line (CGL) with annual capacity of 250,000 tons, Push-Pull Picking Line (PPPL) with an annual capacity of 500,000 tons and Batch Annealing Furnaces (BAF) with annual capacity expanded to 325,000 tons are operating normally.

The notice further stated that more information will be shared after a comprehensive assessment of damage to the Rolling Mill and its effect on the overall production capacity of the mill.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 152,740.38
147.44M
-1.01%
-1551.88
ALLSHR 91,858.47
324.25M
-0.86%
-800.10
KSE30 46,223.61
86.89M
-1.45%
-681.25
KMI30 219,130.92
66.08M
-1.15%
-2553.50
KMIALLSHR 59,625.28
139.61M
-0.93%
-562.17
BKTi 42,104.46
39.09M
-2.02%
-866.56
OGTi 32,077.87
10.13M
-1.27%
-414.19
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 70,580.00 71,755.00
68,835.00
-535.00
-0.75%
BRENT CRUDE 107.77 119.13
103.76
0.39
0.36%
RICHARDS BAY COAL MONTHLY 99.40 0.00
0.00
-11.80
-10.61%
ROTTERDAM COAL MONTHLY 123.30 123.30
123.00
2.10
1.73%
USD RBD PALM OLEIN 1,083.50 1,083.50
1,083.50
0.00
0.00%
CRUDE OIL - WTI 94.59 100.48
92.10
-0.87
-0.91%
SUGAR #11 WORLD 15.42 15.49
14.76
0.62
4.19%

Chart of the Day


Latest News
March 20, 2026 at 02:24 AM GMT+05:00

Jazz launches 5G services in Pakistan


March 20, 2026 at 01:47 AM GMT+05:00

SBP reserves have increased for the 32nd consecutive week


March 19, 2026 at 03:56 PM GMT+05:00

PKR holds firm, closes flat against USD


March 19, 2026 at 03:41 PM GMT+05:00

CCP approves merger of Cyan, DH Partners into DLL



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg