Nimir Industries to invest Rs 1.6 billion for expansion of its Caustic Soda plant

MG News | April 24, 2020 at 02:06 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

April 24, 2020 (MLN): The Board of Directors of Nimir Industries, in its meeting held on April 24, 2020, has approved capital investment of Rs. 1.6 billion to expand the capacity of the Caustic Soda plant to 120 tons per day (TPD).

This was earlier approved to be expanded to 50 TPD. This decision has been taken to yield full advantage of the basic plant infrastructure, which is already available to cater for the expansion, as well as to leverage NICL’s marketing excellence.

Besides the above announcement, the Board also declared the financial results for the nine months ended March 31, 2020, as per which, the company’s net profit amounted to Rs. 703 million (EPS: Rs. 5.8), which is higher as compared to the profits of Rs. 696 million (EPS: Rs. 1.37) reported in the same period of last year.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,571.27 436.67M	1.06% 1878.35
ALLSHR	108,600.94 844.23M	1.00% 1073.54
KSE30	53,548.42 162.02M	0.99% 525.53
KMI30	256,725.70 154.74M	0.76% 1936.43
KMIALLSHR	70,620.69 563.61M	0.98% 683.55
BKTi	48,625.03 36.31M	1.37% 658.39
OGTi	37,179.52 8.29M	0.94% 345.85

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	61,025.00	63,160.00 60,800.00	-1340.00 -2.15%
BRENT CRUDE	73.46	77.00 73.22	-3.62 -4.70%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	0.50 0.44%
ROTTERDAM COAL MONTHLY	126.50	126.50 125.90	0.50 0.40%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	69.80	73.18 69.63	-3.41 -4.66%
SUGAR #11 WORLD	13.97	14.06 13.81	0.02 0.14%