Material Information of Mughal Iron & Steel Industries Limited

Material Information

Karachi, Mughal Iron & Steel Industries Limited informed Pakistan Stock Exchange that sanction and technical clearance for extension of existing grid station load from 19.99 MW to 59.99 MW has been accorded by Lahore Electric Supply Company Limited and is expected to be fully operational by the 3rd quarter of calendar year 2018.

With a history of over 50 years of excellence to its credit, Mughal Iron & Steel Industries Limited (“MISIL”) is one of the leading companies of Pakistan in the iron and steel sector. The company was incepted in the early 1950 in the form of a proprietorship firm with a purpose to uplift trade, contribute to national economy and ensure industrial growth of the country.

The Company is involved in multidimensional activities from making billets of Mild Steel, Spring Steel, Deformed bar, Re-bar, Cold Twisted Rebar and a huge range of Sections such as I.Beams, L.Sections, C.Section, H.Beam, T.Bar etc. in the downstream industry.

The symbol “MUGHAL” is being used by the stock exchange for the shares of Mughal Iron & Steel Industries Limited.