Mughal Steel

Mughal Iron & Steel Industries, [مغل آئرن اینڈ اسٹیل انڈسٹریز] commonly known as Mughal Steel, is a Pakistani steel company which manufactures steel products.[1][2]

Mughal Steel
TypePublic
PSX: MUGHAL
IndustrySteel
Founded1950 (1950)
HeadquartersLahore, Pakistan
Area served
Pakistan
Key people
  • Mr. Mirza Javaid Iqbal​ (Chairman)
  • Mr. Khurram Javaid (CEO)
Websitewww.mughalsteel.com

It is based in Lahore, Pakistan.[3]

History

Mughal Steel was formed in the early 1950 as “Mughal Traders”. The entity then imported Iron and steel products for local consumption.[4] It was started in 1950 as Mughal Traders imported Iron and steel products.[3]

In 2008, the company acquired the plant and machinery of Al-Bashir Steel Industries.[5]

In 2010, the company was incorporated as Mughal Iron & Steel Industries Limited.[5]

In 2015, the company offered initial public offering and was listed on the Pakistan Stock Exchange.[5]

Financial Performance

Mughal Iron and Steel posted profit after tax of Rs 593 million for the fiscal year 2020, which resulted in Rs 2.36 earning per share.[6]

References
  1. "Mughal Steel to invest Rs1 billion for expansion". The Express Tribune (newspaper). 28 February 2017. Retrieved 12 May 2020.
  2. "Mughal Steel posts Rs991mln in profit". The News International (newspaper). 19 September 2017. Retrieved 12 May 2020.
  3. "Mughal Steel". www.mughalsteel.com.
  4. "Mughal Steel".
  5. "Mughal Iron and Steel Industries". Business Recorder (newspaper). 30 March 2016. Retrieved 12 May 2020.
  6. Correspondent, Our Equities (18 September 2020). "DGKC bleeds Rs2.1bn". DAWN.COM. Retrieved 25 September 2020.


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