THCCL denies competitor's false claims of plant shutdown

MG News | November 21, 2024 at 03:20 PM GMT+05:00

0:00

November 21, 2024 (MLN): Thatta Cement Company Limited (PSX: THCCL) has denied false information spread by one of its competitors regarding the shutdown of its plant.

In a notice to the PSX, the company stated that the competitor made this false claim during their Corporate Briefing session on November 20, 2024.

"We categorically deny these rumors and wish to clarify that the information circulating is inaccurate," the notice reads.

The management further urged all stakeholders to disregard any such news regarding the alleged abrupt shutdown of our plant, whether broadcast on electronic media, published in newspapers, magazines, or any other platform, unless officially confirmed by an authorized representative of the company through the appropriate channels.

THCCL also confirmed that it has been successfully using local coal for the past three years without any adverse effects on the cement plant. Furthermore, the plant is fully operational, and no abrupt shutdown has occurred.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	152,740.38 147.44M	-1.01% -1551.88
ALLSHR	91,858.47 324.25M	-0.86% -800.10
KSE30	46,223.61 86.89M	-1.45% -681.25
KMI30	219,130.92 66.08M	-1.15% -2553.50
KMIALLSHR	59,625.28 139.61M	-0.93% -562.17
BKTi	42,104.46 39.09M	-2.02% -866.56
OGTi	32,077.87 10.13M	-1.27% -414.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	70,155.00	71,480.00 69,440.00	-205.00 -0.29%
BRENT CRUDE	109.55	113.11 105.05	0.90 0.83%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-12.60 -11.25%
ROTTERDAM COAL MONTHLY	123.30	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	98.09	98.75 92.47	2.54 2.66%
SUGAR #11 WORLD	15.63	15.72 15.27	0.26 1.69%