Unity Foods Ltd to acquire edible oil refinery at a total cost of Rs850 million

MG News | February 12, 2019 at 12:27 PM GMT+05:00

0:00

February 12, 2019 (MLN): The Board of Directors of Unity Foods Limited has approved the acquisition of edible oil refinery with a capacity of 500 tons per day, situated at Port Qasim, Karachi at a total cost of approximately Rs. 850 million including transfer taxes and other pertinent costs.

The project includes land, building, installed and running plant and machinery with all ancillary assets. The company expects to take physical possession of the refinery in next two to three weeks.

The company also expects to incur additional expenses to refurbish the plant and enhance the packing capacity and bring full commercial operation online by July this year, a notification issued by the company said on Tuesday.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	162,994.17 366.14M	-1.71% -2829.70
ALLSHR	97,525.91 833.18M	-1.65% -1634.99
KSE30	49,090.22 171.05M	-2.02% -1011.73
KMI30	234,097.76 141.71M	-1.92% -4583.61
KMIALLSHR	63,284.58 381.76M	-1.79% -1151.00
BKTi	45,458.10 90.77M	-1.53% -707.82
OGTi	33,162.89 14.24M	-2.82% -962.44

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	76,630.00	77,030.00 75,655.00	855.00 1.13%
BRENT CRUDE	109.92	114.70 107.07	-0.52 -0.47%
RICHARDS BAY COAL MONTHLY	113.00	113.00 113.00	-1.30 -1.14%
ROTTERDAM COAL MONTHLY	110.25	112.00 108.20	-0.20 -0.18%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	105.21	110.93 103.50	-1.67 -1.56%
SUGAR #11 WORLD	14.61	14.85 14.49	-0.16 -1.08%