Nahee Aluminum takes up Tk 27cr project

Nahee Aluminum Composite Panel Ltd has decided to invest Tk 27 crore under a project to manufacture five types of products.   

In a posting on the Dhaka Stock Exchange, the company said its board had decided to invest in a new project for the manufacturing and sales selling of five products: cross tee, main tee, wall angle, runner for aluminium ceiling, and UPVC ceiling.

The estimated total project cost for the new products is Tk 27 crore, while it will fetch an additional yearly revenue of about Tk 25 crore.

Shares of Nahee Aluminum were down 4.3 per cent on the DSE yesterday.