Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]

Arghakhachi Cement Gets Banking Support to Increase Capacity

  56 sec to read
Arghakhachi Cement Gets Banking Support to Increase Capacity
Notice (8): Undefined index: caption [APP/View/Articles/view.ctp, line 241]

August 15: Arghakhachi Cement has received a consortium loan pledge in order to increase its capacity to 3,000 tons.  

As per the agreement, the cement producer will obtain financing from six banks led by Nabil Bank. The banks will be investing Rs 2.89 billion in the company. Apart from the banks, promoters of the company will also be investing Rs 1.24 billion. Manoj Kediya, Director of the company and Sasin Joshi, CEO of Nabil bank signed the agreement on this regard. Arghakhachi Cement, after increasing the capacity will become Nepal’s biggest cement industry. Currently the production capacity of the industry is 1200 tons.

Under the leadership of Nabil bank, NIC Asia, Global IME, Prime, Saanima and Century bank will be investing the fund. The industry is a joint venture of Siddhartha Group, Murarka Organisation, Kediya Organisation and Uma Cement International, India.  

Arghakhachi cement has targeted to complete the work related with capacity increasing within next one and a half year. The Bhairahawa-based cement industry has its own sources of limestone that produces high level of clinker and OPC cements. 

Deprecated (16384): Using key `action` is deprecated, use `url` directly instead. [CORE/Cake/View/Helper/FormHelper.php, line 383]
No comments yet. Be the first one to comment.