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

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

0:00

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.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	136,502.54 259.91M	1.64% 2202.77
ALLSHR	85,079.90 838.35M	1.26% 1061.74
KSE30	41,552.62 97.27M	1.81% 738.33
KMI30	193,330.76 84.69M	0.39% 741.60
KMIALLSHR	56,315.31 366.02M	0.43% 243.06
BKTi	38,498.08 37.91M	4.13% 1526.33
OGTi	28,138.38 5.66M	-0.36% -101.89

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	120,455.00	123,615.00 118,675.00	1925.00 1.62%
BRENT CRUDE	69.45	71.53 69.33	-0.91 -1.29%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.25 0.26%
ROTTERDAM COAL MONTHLY	106.50	106.60 106.50	-2.20 -2.02%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	67.38	69.65 67.26	-1.07 -1.56%
SUGAR #11 WORLD	16.40	16.67 16.38	-0.17 -1.03%