In a notice to Pakistan Stock Exchange, Cherat Cement Company Ltd has announced that the Board of Directors of the company has decided to undertake BMR project for its Cement Line 1 and install the main Crusher. The Balancing, Modernization and Replacement project will help improve the operational efficiencies of the Company and reduce Cost overheads leading to improved margins.
The total cost of BMR of Cement Line 1 and installation of main Crusher is estimated around Rs. 3.5 billion. The project is expected to be majorly financed through long-term Bank loans.
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