Kohat Cement Co Ltd (KOHC) has informed Pakistan Stock Exchange (PSX) that the company has established a letter of credit for the import of plant and e.
Kohat Cement to set up Punjab cement plant 17 February 2021
Kohat Cement Co Ltd has announced that its Board of Directors have approved, subject to all regulatory approvals, setting up a 7800-10,000tpd cement manufacturing plant (along with 8-10MW waste heat recovery and 25MW coal-fired power plants), in Khushab, Punjab, Pakistan.
According to a company notification to the Pakistan Stock Exchange (PSX), the management has estimated cost of the project at PKR30bn (US$187.4m), which will be financed through a mix of debt and equity. It is expected that construction and installation of the plant will be completed in 2-2.5 years.