Corporate Alert: Amreli Steels updates on Expansion Plan

The company announced the status of Expansion plan as under:

S. No.

Expansion Plans

Status

1.

Existing expansion of billet manufacturing capacity from 200,000 to 400,000 tons per annum

The plant has been commissioned and its commercial operating license has been achieved.

2.

Increase in Steel Melting capacity at Dhabeji for making billets from 400,000 to 425,000 tons per annum

Financial close is achieved with a total cost of Rs 1,000 million. Its commercial operation declaration is expected by June 2018

3.

Increase in Rolling Mill capacity at Dhabeji for making Rebars from 300,000 to 425,000 tons per annum

The expansion is in progress with total estimate of Rs. 500 Million. Its commercial operations declaration is excpected together with the commercial operations declaration of new rolling mill at Dhabeji i.e. November, 2017

4.

Increase in Rolling Mill capacity at SITE Karachi for making Rebars from 180,000 to 325,000 tons per annum

Due to technicalities, the decision making has been done carefully taking all things into consideration. The timelines of implementation will be revealed at a future date.

 

The complete notice can be accessed here.

Posted on: 2017-08-28T12:46:00+05:00