Flying Cement Company Limited (FLYING) has been granted a long-term mining lease by the Directorate General of Mines & Minerals (Punjab) for limestone over an additional area of 1,765 acres of land situated near to factory site, Dhok Meharwal in District Khushab, Punjab, the company’s filing on PSX said today.
This will add remarkable value to the company’s vision in the implementation plan of achieving constant future growth.
Accordingly, the company would be able to implement its business growth plan by further expanding its operation in the near future which will result in better profitability and add significant value to the shareholders’ equity.