Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

ISL approves capex of Rs 1.23 bln for a debottlenecking project to enhance the finishing capacity of CRC

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

March 9, 2021 (MLN): The Board of Directors of International Steels Limited (ISL) in its meeting held today has approved a capital expenditure of Rs.1.235 billion for a debottlenecking project to enhance the finishing capacity of Cold Rolled Coils and sheets by 120,000 tons per annum using Temporary Economic Refinance Facility (TERF) and Long Term Financing Facility (LTFF) offered by State Bank of Pakistan.

As per the company’s notice to PSX, the project is expected to be completed by August 2022.

Copyright Mettis Link News

Posted on: 2021-03-09T15:28:00+05:00

40108