Power Cement to resume line III plant operations by April

By MG News | April 11, 2022 at 12:34 PM GMT+05:00

0:00

April 11, 2022 (MLN): Power Cement Limited (POWER) has informed that the new line III of the company’s plant is expected to resume operations by the end of April 2022.

According to the notice issued to PSX, a component of the new Line III of the company's plant, fully covered under warranty, was damaged at the end of January 2022.

Due to the warranty coverage and the availability of the stock sufficient to cover over two months' sales, no adverse financial impact was anticipated. The planned periodic maintenance of the plant was also performed during this period.

The vendor has now reported a delay in the supply of the damaged component.

The company is presently operating through Line II and is further supporting its operations by the purchase of clinker locally. Despite this occurrence, the company remained operational, and dispatches continued throughout.

The notice said that any further updates will be shared in due course of time.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	120,023.24 136.80M	0.02% 20.65
ALLSHR	74,956.95 415.25M	0.09% 64.82
KSE30	36,533.23 44.37M	0.25% 91.50
KMI30	177,648.07 53.46M	0.48% 854.02
KMIALLSHR	51,412.96 224.87M	0.22% 113.15
BKTi	30,161.85 6.28M	0.10% 29.54
OGTi	27,008.50 5.66M	0.59% 157.59

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	103,730.00	106,725.00 102,425.00	-235.00 -0.23%
BRENT CRUDE	77.32	77.67 75.51	-1.53 -1.94%
RICHARDS BAY COAL MONTHLY	88.00	0.00 0.00	-3.70 -4.03%
ROTTERDAM COAL MONTHLY	103.85	0.00 0.00	0.35 0.34%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	74.04	75.74 72.32	0.54 0.73%
SUGAR #11 WORLD	16.53	16.73 16.44	0.22 1.35%