Pakistan Cables acquires 3.9 acre land for new manufacturing facility

MG News | November 16, 2022 at 02:53 PM GMT+05:00

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November 16, 2022 (MLN): The board of directors of Pakistan Cables Limited (PCAL) has approved the acquisition of the plot of land measuring 3.9 acres in S.I.T.E area Nooriabad, for the new manufacturing facility of the company, the company filings on the stock exchange showed on Wednesday.

The price of this said plot of land is Rs89.7 million.

The land will be utilized for the purpose of establishing accommodation for the new manufacturing facility of the company in Nooriabad.

At the time of writing, the stock of PCAL is trading at price of Rs128/share, down by 0.28 paisa or 0.22% DoD.

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