April 16, 2021 (MLN): Mughal Iron and Steel Industries Limited has issued its quarterly project progress report in respect of Power Plant Project and BMR of Bar Re-rolling, being financed partly or fully by Right Issue, for the quarter ended March 31, 2021.

In its quarterly progress report, the company has informed that the power plant project had already been completed.

The notice said that majority of the work relating to BMR of Bar Re-rolling Mill has been completed, however, final handover post achieving of performance parameters is pending which is expected to be completed as soon as foreign consultants return after Eid. Accordingly, the CoD is expected in early June 2021.

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