Cherat Cement to set up greenfield cement plant worth Rs34bn

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

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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.

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