Corporate Alert: Amreli Steels updates on Expansion Plan

News Image

By MG News | August 28, 2017 at 12:46 PM GMT+05:00

0:00

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.

Related News

Name Price/Vol %Chg/NChg
KSE100 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,125.00 110,525.00
107,865.00
-2290.00
-2.07%
BRENT CRUDE 68.51 68.89
67.75
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.50 67.18
66.04
-0.50
-0.75%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 05, 2025 at 11:58 PM GMT+05:00

Weekly Market Roundup


July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola


July 04, 2025 at 08:01 PM GMT+05:00

TRG in Supreme Court



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg