KARACHI: Maple Leaf Cement Factory (MLCF) has notified the bourse of placement of order for 7300tpd capacity clinker line to FL Smidth at a cost of 75 million euros.
The 2.3 million ton brown-field expansion is estimated to have a total cost of Rs22 billion, including the cost of other auxiliaries to be financed by 40/60 debt/equity ratio.
The financial close was achieved in December 2016 and $91/ton expansion is expected to be operational by February 2019, it added. “Maple Lead cement brown-field expansion appears lucrative and adds Rs25/share to the scrip’s valuation,” Humaira Akhtar at JS Global said.
In this picture, the PCJCCI logo can be seen on September 1, 2022. — Facebook/Pakistan China Joint Chamber of...
A representational image of a US flag pictured alongside a street sign reading "Wall Street" in the New York city. —...
A security guard sits in front of a wall with signs and slogans at the operation building at the Pakistan Steel Mills ...
A worker cleans the entrance to the headquarters of Bank Indonesia, the nation's central bank, in Jakarta, Indonesia....
The MCB's logo is seen on a wall outside the bank's head office. — MCB websiteKARACHI: MCB Bank Limited on...
A foreign currency dealer counts US dollars at a shop in Karachi. — AFP/FileKARACHI: The rupee lost ground against...
