02
Jun
09:40
Mughal Steel completes delayed rolling capacity increase
Mughal Steel has completed its delayed bar and sections mill modernisation, which it says will help it increase production and therefore Pakistani rebar market share.
The funds raised by Mughal’s rights issue, launched in February to cover the cost overrun of the delayed revamp, have been fully utilised by the firm. This will result in improved capital structure and profitability. The latter will be thanks to a decrease in markup cost and taxation expense du…
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Anonymous
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