Mubasher TV
Contact Us Advertising   العربية

HADISOLB: Means to finance restructure not decided

HADISOLB: Means to finance restructure not decided
Egyptian Iron & Steel
IRON
-4.26% 16.65 -0.74
Egyptian Iron & Steel (HADISOLB) said the outcomes of a study conducted by UK-based Tata Steel, for the rehabilitation and restructure of the company, is still under discussion from both parties, as the final report will be submitted by the end of March.

The company added that means of financing the rehabilitation plan haven’t been identified.

The plan aims to boost production capacity to 1.2 million ton of final product or 1.45 million ton of formable steel.

The execution, which has a period of 15 weeks, will begin upon receiving the first agreed-upon payment.