Mughal Iron & Steel records a revaluation surplus of Rs 2.842 billion on its fixed assets

MG News | September 17, 2020 at 01:03 PM GMT+05:00

0:00

September 17, 2020: The Board of Directors of Mughal Iron & Steel Industries has approved measurement of certain items of operating fixed assets comprising of Land, Building on Freehold Land, Plant & Machinery and Power Plant on “Revaluation Model” resulting in revaluation surplus of Rs. 2.842 billion approximately.

In a notification issued in this regard, the company said that the said revaluation will be incorporated in September quarter accounts.

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