October 18, 2023 (MLN): Ghani Chemical Industries Limited (PSX: GCIL) has successfully utilized the right subscription amount of Rs2.56 billion for the Super Capacitor and Calcium Carbide Projects, the company’s quarterly progress report issued to the bourse showed today.
Of the total amount, funds worth Rs1.62bn have been utilized for the Calcium Carbide Projects, while Rs291.16 million has been used for working capital requirements.
Additionally, funds worth Rs650m have been used for the Super Capacitor – Kilowatt Lab Technologies Ltd project.
The total sum of Rs2.561bn, representing the proceeds from the right subscription, was received by the merged entity, G3 Technologies Limited, and the Class B right shares of Ghani Chemical Industries Limited.
GCIL is principally engaged in the manufacturing, sale, and trading of medical & industrial gases and chemicals.
At the time of reporting this, the company's stock is currently trading at a price of Rs9.02, up by 3 paisa or 0.33% DoD.
Copyright Mettis Link News
Posted on:2023-10-18T11:40:08+05:00
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