DSL signs debt restructuring deal with bank consortium

MG News | May 20, 2025 at 11:27 AM GMT+05:00

0:00

May 20, 2025 (MLN): Dost Steels Limited (PSX: DSL) has signed a restructuring agreement with a consortium of banks, whereby the outstanding loan has been rescheduled.

An amount of Rs2.08 billion, inclusive of all future markup, will be paid over a period of four years in quarterly installments with a down payment of Rs50 million from the overall settled amount.

The new investors have guaranteed the repayment schedule, the company's filing on PSX revealed today.

The principal business of DSL includes the manufacturing of steel, direct reduced iron, sponge iron, hot briquetted iron, carbon steel, pig iron, and special alloy steel in different forms, shapes, and sizes.

It also includes any other product that can be manufactured within the existing facilities.

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