Bolan Castings resumes production

By MG News | Category Equity | September 16, 2024 at 01:03 PM GMT+05:00

0:00

September 16, 2024 (MLN): The management of Bolan Castings Limited (PSX: BCL) has decided to resume its production activities, effective Wednesday, September 18, 2024.

BCL shared the development in its notice to the Pakistan Stock Exchange (PSX) on Monday.

The company had halted production activities since August 26 due to a drastic drop in customer orders, which led to a decline in sales.

Additionally, the company said delays in payments from its main customer were causing severe financial strain.

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