ASTL to invest in non-ferrous operations to diversify business portfolio

MG News | June 23, 2022 at 12:56 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 23, 2022 (MLN): The Board of Directors of Amreli Steels Limited (PSX: ASTL) on Thursday approved investment into non-ferrous operations as a first step to diversify the company's business portfolio, the company filing on PSX showed today.

The approval includes establishing a new facility for producing aluminum ingots with an initial production capacity of 18,000 MT per annum as a first phase.

The detailed technical feasibility has been conducted along with the financial close, the notification read.

Currently, the scrip of AST is being traded at Rs25, up by 82 paisa, 3.39% DoD.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	166,419.72 133.15M	0.14% 233.55
ALLSHR	100,871.92 395.66M	0.05% 48.64
KSE30	49,316.65 59.50M	0.05% 23.11
KMI30	239,907.60 63.28M	-0.05% -114.34
KMIALLSHR	65,473.69 245.25M	-0.00% -2.07
BKTi	45,849.28 9.86M	0.23% 104.46
OGTi	33,523.02 3.37M	-0.51% -171.71

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	81,620.00	81,795.00 80,850.00	20.00 0.02%
BRENT CRUDE	109.95	110.00 104.91	4.03 3.80%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.05 0.04%
ROTTERDAM COAL MONTHLY	145.10	0.00 0.00	0.15 0.10%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	99.04	99.34 95.29	2.54 2.63%
SUGAR #11 WORLD	20.85	21.01 20.47	-0.28 -1.33%