ASL reported fire incident at Rolling Mill (Line-1)

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Aisha Steel Mills (PSX: ASL) in a recent notification to the Pakistan Stock Exchange has reported a fire incident. The incident occurred at the Rolling Mill of the old plant (Line-1) of the company.

Aisha Steel Mills (PSX: ASL) in a recent notification to the Pakistan Stock Exchange has reported a fire incident. The incident occurred at the Rolling Mill of the old plant (Line-1) of the company, situated at DSU-45, Pakistan Steel, Downstream Industrial Estate, Bin Qasim, Karachi.

The fire broke out at around 10.15 a.m., on January 7, 2020, which was brought under control within thirty minutes using the in-house firefighting system.

As per the notification, ‘Fortunately, all the staff members are safe and there has been no loss or injury to human life’ the notice stated.

‘Also, there was no damage to all other facilities except the old rolling mill’ it added.

The cause of the accident and the extent of damage is under investigation. The Company is also in contact with the Insurance Company and taking appropriate steps to ensure the early start of the repair works.

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