Dandot Cement Co Ltd (3 Star Group), while providing an update about the Balancing Modernisation of Replacements (BMR) of 504,000t of its cement plant at Jehlum in Punjab, Pakistan, to the Pakistan Stock Exchange (PSX), expressed hope that the trial production is scheduled to commence soon after the equipment testing and commissioning phase. The company will resume its commercial operations in the current quarter.
During the current quarter (July-September 2023), significant progress has been made on various fronts as part of the BMR programme. The management has successfully arranged the PKR310m (US$1.117m) quarter funds, bringing the total sponsor’s investment for the programme to PKR3.717bn.