Cherat Cement to set up greenfield cement plant worth Rs34bn

MG News | June 24, 2021 at 03:33 PM GMT+05:00

0:00

June 24, 2021 (MLN): The Board of Directors of Cherat Cement Company Limited (CHCC), in its meeting held on June 24, 2021, has approved the installation of a greenfield cement plant at D.I. Khan, Khyber Pakhtunkhwa.

The plant will have an installed production capacity of 11,000 tons per day of clinker and the total cost of the project is estimated to be approximately Rs34 billion.

According to the notice sent to Exchange, the project is expected to complete in 3 years.

For the purposes aforesaid, the Board has approved the acquisition of certain assets including immovable property and mining leases in D.I. Khan from a company for a price of Rs1.3 billion.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	160,591.33 324.64M	-3.95% -6600.05
ALLSHR	95,972.74 738.36M	-3.62% -3599.83
KSE30	48,464.12 212.31M	-4.20% -2125.25
KMI30	232,331.99 178.01M	-4.17% -10107.69
KMIALLSHR	62,746.16 331.86M	-3.69% -2405.94
BKTi	44,191.67 63.12M	-3.91% -1798.01
OGTi	33,327.13 16.58M	-3.20% -1101.20

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	71,000.00	71,530.00 70,535.00	-2485.00 -3.38%
BRENT CRUDE	101.80	103.87 100.94	6.60 6.93%
RICHARDS BAY COAL MONTHLY	105.00	0.00 0.00	2.25 2.19%
ROTTERDAM COAL MONTHLY	106.00	106.50 106.00	1.15 1.10%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	103.29	105.63 101.92	6.72 6.96%
SUGAR #11 WORLD	13.87	13.97 13.74	0.12 0.87%