MUGHAL posted progress status of projects being financed by Right Issue

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In a latest notification to the PSX, Mughal Iron & Steel Industries Limited (PSX:MUGHAL) posted the progress status of projects being financed partly or fully by Right Issue as of and for the quarter ended September 30, 2020.

Implementation Status:

  • Power Plant Project
    Power plant project had already completed and informed earlier vide our letter no.
    MISIL/RIPR/SEPT-18 dated October 15, 2018.
  • BMR of Bar Re-rolling Mill
    We are pleased to inform that hot commissioning is underway which will be followed by
    performance trials and COD.