Mughal Steel

Mughal Steel

Company type	Public
Traded as	PSX: MUGHAL KSE 100 component
Industry	Steel
Founded	1950; 75 years ago (1950)
Headquarters	Lahore, Pakistan
Area served	Pakistan
Key people	Mirza Javaid Iqbal (chairman) Khurram Javaid (CEO)
Revenue	Rs. 67.390 billion (US$230 million) (2023)
Operating income	Rs. 9.226 billion (US$32 million) (2023)
Net income	Rs. 3.480 billion (US$12 million) (2023)
Total assets	Rs. 59.831 billion (US$210 million) (2023)
Total equity	Rs. 25.372 billion (US$88 million) (2023)
Number of employees	2,250 (2023)
Website	mughalsteel.com
Footnotes / references 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]

References

1. "Mughal Steels Annual Report 2023". Retrieved 22 May 2024.
2. "Mughal Steel to invest Rs1 billion for expansion". The Express Tribune. 28 February 2017. Retrieved 12 May 2020.
3. "Mughal Steel posts Rs991mln in profit". The News International. 19 September 2017. Retrieved 12 May 2020.
4. "Mughal Steel". www.mughalsteel.com.
5. "Mughal Steel".
6. "Mughal Iron and Steel Industries". Business Recorder. 30 March 2016. Retrieved 12 May 2020.
7. "View from McLeod Road: Why the market is excited about the Mughal Steel IPO". The Express Tribune. 8 March 2015.