Pakistan Company News – Material Information of Metropolitan Steel Corporation Limited

Material Information of Metropolitan Steel Corporation Limited

Karachi, Metropolitan Steel Corporation Limited informed Pakistan Stock Exchange that the approval of KE load of 1093KW against their application for their special steel and wire plant situated in Landhi Industrial Area Karachi Pakistan.

Metropolitan Steel Corporation Limited is a public limited company incorporated in Pakistan under the Companies Ordinance, 1984. Initially it was established as a private limited company in 1954 and was later converted into a public limited company in 1958. The company manufactures deformed bars, tor steel bars, structural steel, towers, stand wire and concrete wire. The company also provides steel re-rolling, wire drawing, steel fabrication and cold profile complex in Pakistan. The stocks of the company are quoted on the Karachi Stock Exchange. The registered office of the company is located in Karachi.

MSCL is operating under the management of M/s Alloy Steel Company Private Limited. The total annual production capacity is more than 10,000 metric tons.

The symbol “MSCL” is being used by the stock exchanges for the shares of Metropolitan Steel Corporation Limited.