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

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]

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. 1 2 "Mughal Steel". www.mughalsteel.com.
  4. ↑ "Mughal Steel".
  5. 1 2 3 "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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