Aisha Steel Achieves COD of its new facility

The Mint PK

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Aisha Steel Achieves COD of its new facility

In a notification to Stock Exchange, Aisha Steel Mills notifies Achievement of Commercial Operations Date of its expanded facility. A notice from the Company Secretary Aisha Steel Mill mentions the following:

Aisha Steel Mill achieved the expansion of its existing plant, increasing capacity to 700,000 Tons with Cold Rolled Coil (CRC) capacity of 450,000 Tons and Galvanized Steel ‘GI’ capacity of 250,000 Tons.

The Estimated cost of the project is around Rs. 5,400 Million. Around 60% of the funds were arranged from Banks through Borrowing while rest of the funds were generated through Right Shares.

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