ISL commissions rewinding line with electrolytic cleaning section

MG News | June 27, 2022 at 12:31 PM GMT+05:00

0:00

June 27, 2022 (MLN): International Steels Limited (ISL) has informed that a state-of-the-art rewinding line with an electrolytic cleaning section has been commissioned which is part of the debottlenecking project to enhance the finishing capacity of Cold Rolled Coils and sheets by 120,000 tons per annum.

This will enable the company to expand its already strong footprint in automobile, appliances, and Tin Mill Black Plate (TMBP) segments of the cold-rolled steel market.

To recall, on March 9, 2021, the Board of Directors of the company approved a capital expenditure of Rs1.235 billion for the said debottlenecking project.

Currently, the stock of the company is trading at Rs57.88 [12:24], up by 99 paisa or 1.74% DoD.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	161,210.68 402.54M	3.49% 5433.46
ALLSHR	96,097.29 718.60M	3.34% 3102.77
KSE30	49,781.74 146.66M	3.95% 1890.99
KMI30	230,597.11 158.11M	4.81% 10582.05
KMIALLSHR	62,183.27 382.16M	3.79% 2272.55
BKTi	46,523.21 43.62M	2.50% 1134.61
OGTi	32,678.22 24.62M	6.68% 2046.87

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	73,200.00	73,825.00 72,020.00	-245.00 -0.33%
BRENT CRUDE	83.06	84.74 81.50	1.66 2.04%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-17.10 -14.68%
ROTTERDAM COAL MONTHLY	121.50	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	76.56	78.09 74.97	1.90 2.54%
SUGAR #11 WORLD	13.73	13.80 13.61	0.00 0.00%