Nimir Industries to invest Rs 3.5bln in setting up a new 20MW fuel fired Power plant

MG News | August 31, 2020 at 10:15 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

August 31, 2020 (MLN): The Board of Directors of the Nimir Industrial Chemicals Limited (NICL), in its meeting held on August 28, 2020, has decided to set-up a new 20 MW Solid-fuel fired Power Plant at a total investment of Rs 3.50 billion to generate electricity at the most economical cost in view of increased power requirement.

Furthermore, the board also approved to invest Rs 750 million in setting up production facilities for Home and Personal Care Products.

To recall, the board approved capital investment on Caustic Soda and Power Plants on September 25, 2018. Subsequently, the board approved further enhancement of caustic soda plant capacity in the meeting held on April 24, 2020.

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	60,420.00	60,420.00 59,790.00	425.00 0.71%
BRENT CRUDE	73.08	75.13 71.38	-2.18 -2.90%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	1.65 1.46%
ROTTERDAM COAL MONTHLY	126.25	0.00 0.00	0.15 0.12%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	70.24	71.86 68.56	-1.68 -2.34%
SUGAR #11 WORLD	14.55	14.68 14.02	0.45 3.19%