Business
February 2, 2021
KARACHI: Lucky Cement has announced expansion of its Pezu Plant (North Region) by 3.15 million tons to 10 million tons due to rising cement demand, a notice filed with the Pakistan Stock Exchange said on Monday.
This would take total capacity (north and south) for Lucky Cement to 15 million tons, which would help it cater the rising demand created by accelerated activity in infrastructure and other development projects.
Topline Securities in a report said this project was expected to cost Rs25 billion to Rs26 billion. âThe company is likely to get Rs10 billion under concessionary loans (Rs5 billion in TERF and Rs5 billion in LTFF) at a cost of 2-4 percent,â the report added.