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Attock Cement gets Rs9.7bn credit line

Asad Iqbal by Asad Iqbal
March 28, 2021
1 min read
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Attock Cement gets Rs9.7bn credit 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. — Dharti News/Files

KARACHI: Attock Cement Pakistan Ltd (ACPL) has actually just recently wrapped up the economic close of syndicated term financing center of Rs9.7 billion under the State Bank Of Pakistan’s Temporary Economic Refinance Center and Long-Term Financing Center through a consortium of banks led by MCB Financial institution Ltd, who functioned as agent count on part of the other sponsors, which includes Allied Financial institution Ltd and the Bank of Punjab.

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This center will certainly be utilized to finance the establishing of a brand-new production line of 4,000 tonnes each day capacity of concrete with a total investment of$ 100 million as approved by its board of directors for which the company has already signed a contract with China’s Heifi Cement Study and Design Institute. ACPL is currently in the process of installing a 20-megawatt solar power
plant at its existing site under the SBP’s financing system of renewable energy at a financial investment of$11m.

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Asad Iqbal

Asad Iqbal

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