Mughal Steel
Pakistani steel company
- Mirza Javaid Iqbal
(chairman) - Khurram Javaid (CEO)
Rs. 67.390 billion (US$230 million) (2023) Rs. 9.226 billion (US$32 million) (2023)Net income
Rs. 3.480 billion (US$12 million) (2023) Rs. 59.831 billion (US$210 million) (2023) Rs. 25.372 billion (US$88 million) (2023)Number of employees
Financials As of 30 June 2023[update] [1]
Mughal Iron & Steel Industries, commonly known as Mughal Steel (Urdu: مغل اسٹیل), is a Pakistani steel company which manufactures steel products and is based in Lahore.[2][3][4]
History
Mughal Steel was formed in the early 1950 as Mughal Traders. The entity then imported Iron and steel products for local consumption.[5] It was started in 1950 as Mughal Traders imported Iron and steel products.[4]
In 2008, Mughal acquired the plant and machinery of Al-Bashir Steel Industries.[6]
In 2010, Mughal was incorporated as Mughal Iron & Steel Industries Limited.[6]
In 2015, Mughal was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of PKR 34.[6][7]
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.[8]
References
- ^ "Mughal Steels Annual Report 2023". Retrieved 22 May 2024.
- ^ "Mughal Steel to invest Rs1 billion for expansion". The Express Tribune. 28 February 2017. Retrieved 12 May 2020.
- ^ "Mughal Steel posts Rs991mln in profit". The News International. 19 September 2017. Retrieved 12 May 2020.
- ^ a b "Mughal Steel". www.mughalsteel.com.
- ^ "Mughal Steel".
- ^ a b c "Mughal Iron and Steel Industries". Business Recorder. 30 March 2016. Retrieved 12 May 2020.
- ^ "View from McLeod Road: Why the market is excited about the Mughal Steel IPO". The Express Tribune. 8 March 2015.
- ^ Correspondent, Our Equities (18 September 2020). "DGKC bleeds Rs2.1bn". DAWN.COM. Retrieved 25 September 2020.
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