International Industries avails TERF of Rs 700 million for CapEx

MG News | December 11, 2020 at 03:52 PM GMT+05:00

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December 11, 2020 (MLN): In line with the company's long-term strategic direction, International Industries Limited (INIL) has started a process of availing the Temporary Economic Refinance Facility (TERF) for Rs. 700 million to finance the sustenance capital expenditure for steel division and capacity enhancement of the Cold Rolled Steel tubes, HDPE water pipe & duct and PPRC pipe for both hot & cold water and significant capacity enhancement of the Stainless-Steel tubes.

It is pertinent to mention that TERF has been introduced by the State Bank of Pakistan (SBP) which is a concessionary refinance facility aimed at promoting investment both new and expansion and/or Balancing, Modernization and Replacement (BMR).

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