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January 29, 2008 Tuesday Muharram 19, 1429





Steel project


KARACHI, Jan 28: Tuwairqi Steel Mills Limited (TSML) has signed an agreement with AMZ Securities Ltd to raise funds to finance additional expenditure for its state-of-the-art iron and steel project being set up at Port Qasim.

According to TSML here on Monday, the AMZ will act as the financial adviser and arranger to raise finance for the project which would have a designed capacity of 1.5 million tons per annum and an initial operational capacity of 1.28 million tons per annum of directly reduced iron (DRI) and billets.—APP






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