Amreli Steels Limited (ASTL): 425k tons rolling mill at Dhabeji becomes operational – By IGI Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Amreli Steels Limited (ASTL) has notified the Pakistan Stock Exchange Limited (PSX) the successful commencement of operations of its New Rolling Mill at Dhabeji having a rated capacity of 425k tons.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">With this expansion, the total rebar production capacity of the Company has increased to 605k tons from the existing 180k tons.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Expansion and modernization of existing rolling mill capacity to 275k tons (situated in SITE) is scheduled to take place post 4QFY19. The plant operations are expected to be close down for a minimum of 10 months and the project is estimated to incur PKR 2bn as...