08.04.2021 22:03

Attock Cement gets credit line to finance the installation of a new production line

Attock Ce­­ment Pakistan Ltd (ACPL) has recently concluded the financial close of syndicated term finance facility of Rs9.7 billion under the State Bank of Pakistan’s Temporary Eco­­­­nomic Refinance Facility and Long-Term Financing Faci­lity through a consortium of banks.

This facility will be used to finance the setting up of a new cement production line with the capacity of 4,000 tonnes per day with a total investment of $100 million as approved by its board of directors for which the company has already signed a contract.

ACPL is already in the process of installing a 20-megawatt solar power plant at its existing site under the SBP’s financing scheme of renewable energy at an investment of $11m.
Region: Pakistan
Source: DAWN
The use of materials published on the site is allowed only with the reference to the source (the journal «Cement and its application») and a hyperlink to the quoted material.
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