Lucky Cement in a notification to PSX, announced that company has decided to increase its cement production capacity at its Pezu plant by Rs. 3.15Mn tonnes per annum. This has been done with the increasing demand in the domestic cement industry on the back of revival of economic activity and an uptick in the construction project including both retail level projects as well as mega infrastructure development projects.
The total project cost of the above expansion shall be finalized after negotiation with suppliers/contractors. The construction work on the project is expected to commence within the current financial year.