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

By MG News | Category Equity | 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	121,641.00 407.56M	-0.13% -157.87
ALLSHR	75,951.71 854.04M	-0.10% -76.82
KSE30	36,827.89 67.82M	-0.42% -156.03
KMI30	181,199.42 117.76M	-0.38% -696.40
KMIALLSHR	52,088.08 592.55M	-0.27% -143.41
BKTi	29,808.04 22.21M	-0.83% -249.97
OGTi	27,075.99 4.68M	-0.75% -203.95

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	105,590.00	105,945.00 101,390.00	3375.00 3.30%
BRENT CRUDE	66.66	66.67 64.80	1.32 2.02%
RICHARDS BAY COAL MONTHLY	90.00	90.75 90.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	101.80	102.40 101.00	1.25 1.24%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	64.80	64.80 62.82	1.43 2.26%
SUGAR #11 WORLD	16.49	16.59 16.32	-0.08 -0.48%