Mughal Iron & Steel Industries updates on progress of BMR replacement project

MG News | January 16, 2019 at 12:14 PM GMT+05:00

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January 16, 2019 (MLN): Mughal Iron and Steel Industries Limited has issued its quarterly project progress report in respect of BMR of Bar Re-rolling, being financed partly or fully by Right Issue, for the quarter ended December 31, 2018.

According to the notice issued by the company, civil work on bar bundling and excavation has been completed. Moreover, rolling line works have also been completed.

The sixth shipment has been effected and final shipment is in transit, the notification further added.

The project is expected to be completed by around second quarter of CY19.

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