Kohat Cement to set up 10MW on-grid solar power plant
July 13, 2022 (MLN): The board of directors of Kohat Cement Constrained (PSX: KOHC) in its assembly held on Thursday, July 07, 2022 has approved the environment up of a 10 MW (approx.) on-grid solar ability plant at corporation's plant internet site, Kohat, the company’s filing on PSX showed nowadays.
On April 14, 2022, the shareholders of the company solved to commit up to Rs600 million by way of small-time period operating finance of in Ultra Kraft (Private) Restricted (UKPL), an linked corporation, to meet up with its doing the job capital specifications.
“This Rs600mn financial investment will be designed for a time period of one 12 months from April 15, 2022, at a mark-up level of 1.50% over three months KIBOR or at the typical borrowing price of the business which shall be paid by UKPL inside fifteen days of the finish of just about every quarter.”
To take note, the firm had shown excellent functionality during 9MFY22 as its web earnings following tax clocked in at Rs Rs4.6 billion (EPS: Rs23.05), which is 83% occasions bigger than earnings of Rs2.5 billion (EPS: 12.06) claimed in the identical time period previous yr, because of to enhanced dynamics in the building sector, better retention charges in the area marketplace and higher other income.
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