India’s C2C Consultancy estimates total cost of Rakta’s development plan at $172.8M

Updated 10/17/2021 7:47:48 AM

ArabFinanceGeneral Company for Paper Industry (Rakta) (RAKT) has received the final feasibility study report conducted by the Indian company C2C Consultancy regarding the development of Rakta’s production lines and facilities, according to a statement filed to the Egyptian Exchange (EGX).

The Indian company has estimated the total cost of the development plan at $172.8 million.

The report will be reviewed by Rakta’s board of directors to take the necessary decisions.

Rakta is an Egypt-based public shareholding company engaged in the production and distribution of printing and wrings papers, and multi-layered duplexes carton papers.