Mughal Steel revises completion date for BMR of existing Bar Re-Rolling Mill2018

MG News | April 16, 2018 at 11:03 AM GMT+05:00

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In a bourse filing, informing the exchange of project status, Mughal Steels today announced that they have revised the completion date for their expansion project which is now slated to be completed by the 4^th quarter of calendar year 2018.

The company currently working to increase the capacity of existing bar re-rolling mill, addition of new re-rolling stands, finishing lines and other improvements to existing mill. The company aims to increase installed capacity from 150,000 M/T to 430,000 M/T at the plant.

Furthermore, the company also seeks to increase current power generation capacity of existing 9.3 MW gas captive power plant by adding six additional engines of 3.1 MW each.

According to the notice, total gross installed power generation capacity of the captive power plant was approved to be enhanced to 27.9 MW.

Project Implementation Status
Projects	Procurement & Installation of 6 additional engines for existing gas-fired Power Plant	BMR of existing Bar Re-Rolling Mill
Project Completion	Expected in 2^nd Quarter of 2018	*(Revised) Expected in 4^th Quarter of calendar year 2018
Status for Quarter Ended	Four Engines have been commissioned Two Engines are in process of installation	Civil work for rolling line has been completed Vendor for Water Treatment finalized
Project Status till December, 2017	Two Engines had been commissioned Remaining four engines had been procured and partial shipment had arrived	Civil Works were in process First shipment had been effected

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