PAKOXY approved an investment plan of Rs. 2.5Bn to setup its fifth ASU Plant

Pakistan Oxygen Limited (PAKOXY) in a notification to PSX announced that it has approved an investment plan of about Rs2.5billion to set up a state-of-the-art Air Separation Unit (ASU) in the Northern region of Pakistan. Once commissioned, it will be the Company’s fifth ASU Plant in the country.

The investment includes the Plant and associated storage equipment which would meet the growing demand of Oxygen from Healthcare and Industrial segments as well as demand for other Industrial gases, including Nitrogen and Argon.

Presently, this demand is being met through trunking gases from the Company’s plant in the Central region. The new Plant is expected to come on stream by 2023.

spot_img

More like this

KSE 100 Skyrockets to Historic 78k Milestone!

The Pakistan Stock Exchange (PSX) experienced a buying frenzy as the benchmark KSE-100 index surged by over...

KSE-100 Index soars with record-breaking single-day gain of 3,411...

Bulls added 3,411 points (↑ 4.69%) to the KSE – 100 Index to close at 76,208 level....

“Riding the Wave: KSE-100 Index Soars Amid Post-Budget Euphoria”

The Pakistan Stock Exchange (PSX) opened on an overwhelmingly positive note in the post-budget session as the...