Mughal Steel

{{Short description|Pakistani steel company}}

{{Use Pakistani English|date=May 2020}}

{{Use dmy dates|date=May 2020}}

{{Infobox company

| name = Mughal Steel

| trading_name =

| logo = Mughal Steel logo.png

| logo_size = 140px

| type = Public

| traded_as = {{karse|MUGHAL}}
KSE 100 component

| founder =

| area_served = Pakistan

| key_people = {{ubl|Mirza Javaid Iqbal{{wbr}} (chairman)|Khurram Javaid (CEO)}}

| industry = Steel

| products =

| foundation = {{Start date and age|1950}}

| location = Lahore, Pakistan

| revenue = {{Increase}} {{PKRConvert|67.390|b}}

| revenue_year = 2023

| operating_income = {{Increase}} {{PKRConvert|9.226|b}}

| income_year = 2023

| net_income = {{decrease}} {{PKRConvert|3.480|b}}

| net_income_year = 2023

| assets = {{Increase}} {{PKRConvert|59.831|b}}

| assets_year = 2023

| equity = {{Increase}} {{PKRConvert|25.372|b}}

| equity_year = 2023

| num_employees = 2,250

| num_employees_year = 2023

| website = {{URL|mughalsteel.com}}

| footnotes = Financials {{as of|2023|6|30|lc=y}} {{cite web|title=Mughal Steels Annual Report 2023|url=https://financials.psx.com.pk/lib/DownloadPDF.php?id=216685 |access-date=22 May 2024}}

}}

Mughal Iron & Steel Industries, commonly known as Mughal Steel ({{langx|ur|مغل اسٹیل}}), is a Pakistani steel company which manufactures steel products and is based in Lahore.{{cite web|url=https://tribune.com.pk/story/1341061/mughal-steel-invest-rs1-billion-expansion/|title=Mughal Steel to invest Rs1 billion for expansion|website=The Express Tribune |date=28 February 2017|accessdate=12 May 2020}}{{cite web|url=https://www.thenews.com.pk/print/230843-Mughal-Steel-posts-Rs991mln-in-profit|title=Mughal Steel posts Rs991mln in profit|website=The News International |date=19 September 2017|accessdate=12 May 2020}}{{Cite web|url=https://www.mughalsteel.com/about/company-profile/|title=Mughal Steel|website=www.mughalsteel.com}}

History

Mughal Steel was formed in the early 1950 as Mughal Traders. The entity then imported Iron and steel products for local consumption.{{Cite web|url=https://www.mughalsteel.com/about/company-profile/|title = Mughal Steel}} It was started in 1950 as Mughal Traders imported Iron and steel products.

In 2008, Mughal acquired the plant and machinery of Al-Bashir Steel Industries.{{Cite web|url=https://fp.brecorder.com/2016/03/2016033030666/|title=Mughal Iron and Steel Industries|website=Business Recorder |date=30 March 2016|accessdate=12 May 2020}}

In 2010, Mughal was incorporated as Mughal Iron & Steel Industries Limited.

In 2015, Mughal was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of PKR 34.{{Cite web|url=https://tribune.com.pk/story/849932/view-from-mcleod-road-why-the-market-is-excited-about-the-mughal-steel-ipo|title=View from McLeod Road: Why the market is excited about the Mughal Steel IPO|date=8 March 2015|website=The Express Tribune}}

References