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

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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.

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

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$2.88 billion

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