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 4th 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 2nd Quarter of 2018
*(Revised) Expected in 4th 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
