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Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

DSL to invest Rs5bn for integration in billet furnace

CSIL assigns advance to new investors in DSL
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November 3, 2022 (MLN): The director of Dost Steels Limited (DSL), has revealed an investment of more than Rs5 billion in the company for backward integration of billet furnace, working capital, and other requirements.

In the notification issued by Crescent Star Insurance Limited (CSIL) to PSX said, “the CSIL has a substantial stake in DSL as well as the shareholders and it was encouraging to hear that the project may finally start operations”.

At the time of writing, the scrip of the CSIL is being traded at Rs1.76, increased by Rs0.08 or 4.76% DoD.

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Posted on: 2022-11-03T13:04:40+05:00