Karachi October 3 2022: Board of Directors of Flying Cement Limited in their meeting held today discuss installation of 21 MW captive power plant to meet the power requirement of line 2, according to company filing to the exchange.
The company has already taken NOC for its installation from Government of Punjab Environmental Protection Agency.
The Company is fully committed to complete its Line 2 expansion project, after which significant rise in profitability and financial ratios is expected to maximize shareholder return. After COD of Line 2 the annual cement production capacity of company will be 3,510,000 tons.
About the Company
Flying Cement Company Limited was incorporated in Pakistan as a Public Limited Company on December 24,1992 under the Companies Ordinance,1984 (Now the companies Act, 2017).The principal activities of the company are to manufacturing, marketing and sale of cement.