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Meghna Re-Rolling & Steel Mills Limited

Sector: Road • Location: Bangladesh

Source: International Finance Corporation (IFC)

Project
Pending

 The proposed investment is for up to US$100 million (“IFC Loans”) to Meghna Re-Rolling and Steel Mills Limited (“MRSL” or the “Company”) in Bangladesh. IFC’s financing package will support setting up a greenfield steel plant with a melting capacity of 1.4 million Metric Tons per year and a rolling capacity of 0.9 million Metric Tons per year (the “Project”). The Project will use more than ninety

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The project “Meghna Re-Rolling & Steel Mills Limited” is an infrastructure initiative in the Road sector, located in Bangladesh. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Company

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Status

Original status

pending

Taiyo status

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Description

Description

 The proposed investment is for up to US$100 million (“IFC Loans”) to Meghna Re-Rolling and Steel Mills Limited (“MRSL” or the “Company”) in Bangladesh. IFC’s financing package will support setting up a greenfield steel plant with a melting capacity of 1.4 million Metric Tons per year and a rolling capacity of 0.9 million Metric Tons per year (the “Project”). The Project will use more than ninety percent scrap steel as input with its energy-efficient electric arc furnace (EAF) technology, thereby helping Bangladesh increase circularity in the steel sector and reduce the carbon foot print of the final product.                                                  

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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