Stock Market

Kohat Cement approves setting up of Cement manufacturing Plant

In a latest notification to the PSX, Kohat Cement Company Limited (PSX:KOHC) in its Board of Directors meeting has approved subject to all regulatory approvals, setting up of 7,800-10,000 tpd Cement manufacturing Plant along with 8-10 MW Waste Heat Recovery and 25MW Coal fired Recovery Power Plants, in Khushab , Punjab.

The estimated cost of the project is PKR 30 billion which shall be financed through mix of Debt and Equity and is expected to be completed in 2 to 2.5 years.

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