Mughal completes procurement, installation of 2 furnaces

MG News | February 10, 2022 at 10:57 AM GMT+05:00

0:00

February 10, 2022 (MLN): Mughal Iron & Steel Industries Limited (MUGHAL) has successfully completed procurement and installation of two induction furnaces of 12 MW each, company’s filing on bourse showed today.

to improve its capacity, MUGHAL planned to procure 3 furnaces, however, the plan was temporarily postponed in April 2019.

In September 2021, the company decided to resume the procurement of the furnaces since the BMR of the Bar re-rolling mill had been completed.

These furnaces will be crucial to increase the utilization of rerolling capacity.

At the time of writing this, the stock of MUGHAL is trading at a price of Rs112.65, up by Rs2.03 or 1.84% DoD.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	166,145.35 258.78M	-0.89% -1496.93
ALLSHR	100,565.31 591.47M	-0.61% -614.57
KSE30	50,496.18 159.24M	-0.99% -503.99
KMI30	237,908.89 126.24M	-1.08% -2599.63
KMIALLSHR	65,564.42 267.95M	-0.64% -422.09
BKTi	45,116.19 45.21M	-0.70% -318.17
OGTi	33,026.45 11.68M	0.24% 80.47

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	93,310.00	94,440.00 92,985.00	45.00 0.05%
BRENT CRUDE	62.76	62.77 62.72	0.09 0.14%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	-0.70 -0.76%
ROTTERDAM COAL MONTHLY	98.80	100.75 98.00	-0.75 -0.75%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	59.07	59.10 58.97	0.12 0.20%
SUGAR #11 WORLD	14.92	15.10 14.86	-0.06 -0.40%