MUGHAL increases load capacity of 132-KV grid station to 90 MW

MG News | January 14, 2022 at 10:22 AM GMT+05:00

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January 14, 2022 (MLN): Mughal Iron and Steel Industries Limited (MUGHAL) has increased the load capacity of the 132-KV grid station to 90 MW, company’s filing on bourse said today.

Last month, the company procured and installed a melting plant and feedstock processing unit with an approximate aggregate project cost of Rs2,900 million for its non-ferrous segment.

This will enable the MUGHAL to commence exports of aluminium ingots and also increase current copper exports.

Recently, credit rating agency VIS, has upgraded entity ratings of the company from ‘A/A-2’ (Single A/A-Two) to ‘A+/A-1’ (Single-A Plus/A-One), after taking into account the company’s position amongst major players in the long steel sector of Pakistan.

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