Mughal completes procurement, installation of 2 furnaces

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

Add Mettisglobal as a Trusted Source on Google

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	167,844.25 170.38M	-0.40% -670.20
ALLSHR	101,190.46 479.24M	-0.24% -244.65
KSE30	50,308.01 73.54M	-0.54% -271.17
KMI30	241,041.17 72.56M	-0.54% -1308.61
KMIALLSHR	65,768.91 266.90M	-0.34% -227.18
BKTi	45,905.17 27.93M	-0.59% -271.56
OGTi	35,557.92 7.24M	-0.32% -112.64

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	76,905.00	77,940.00 76,490.00	-790.00 -1.02%
BRENT CRUDE	103.31	106.36 102.25	0.73 0.71%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-8.75 -7.37%
ROTTERDAM COAL MONTHLY	113.00	0.00 0.00	0.45 0.40%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	96.79	99.43 95.46	0.44 0.46%
SUGAR #11 WORLD	14.67	14.91 14.59	-0.23 -1.54%