# GPH Ispat plans rights issue to fund capacity expansion

GPH Ispat Limited announced plans to raise Tk242 crore through a rights share issue to enhance production capacity by setting up a new expansion plant. The new plant is expected to generate Tk450 crore in annual revenue.

- Type: Expansion
- Announced: 2024-08-22
- Where: Bangladesh
- Status: announced
- Products: billets, rod, medium section products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [GPH Ispat Group](https://endata.com/companies/42247.md)

## Sources

- [tbsnews.net](https://www.tbsnews.net/economy/stocks/gph-ispat-plans-raise-tk242cr-business-expansion-924821), 2024-08-24: "GPH Ispat Limited, a leading steel manufacturer in the country, has announced plans to issue rights shares to raise Tk242 crore to enhance production capacity and meet growing demand both locally and internationally."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.