Mughal Iron to increase Grid Station load from 19.99 MW to 59.99 MW

MG News | January 04, 2018 at 03:33 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

In a letter addressed to all the stakeholders, Mughal Iron & Steel Industries Limited has announced that it will expand the existing Grid Load from 19.99 Mega Watt to 59.99 Mega Watts.

The company informed that it has received sanction from Lahore Electric Supply Company (LESCO) and is expected to be fully operational by the 3^rd Quarter of current year.

Mughal Iron informed the stakeholders that the said load sanction is a significant milestone for the company. The expansion will enable “company to strengthen its industry positioning by eliminating energy constraints to fuel short-term and long-term expansion and growth plans.

The said release can be accessed here.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	175,328.82 259.37M	0.23% 399.13
ALLSHR	106,442.83 871.95M	0.22% 236.26
KSE30	52,294.83 70.59M	0.21% 109.76
KMI30	250,239.14 117.86M	0.27% 676.97
KMIALLSHR	68,844.23 590.83M	0.27% 185.40
BKTi	49,072.93 17.11M	0.20% 97.65
OGTi	35,769.80 17.60M	0.71% 253.52

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,940.00	80,365.00 79,700.00	-115.00 -0.14%
BRENT CRUDE	96.79	97.05 96.28	0.51 0.53%
RICHARDS BAY COAL MONTHLY	126.75	0.00 0.00	-0.75 -0.59%
ROTTERDAM COAL MONTHLY	138.45	0.00 0.00	0.20 0.14%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	92.15	92.57 91.72	0.67 0.73%
SUGAR #11 WORLD	18.02	18.48 17.92	-0.05 -0.28%