Mughal Iron & Steel Industries Limited, a large steel manufacturer in Pakistan, has completed the acquisition of Mughal Energy Limited (MEL). This was announced in a notice to the Pakistan Stock Exchange (PSX). The acquisition is expected to enhance the company’s strategic and competitive positioning. MEL has already procured a power plant and is expected to be commissioned within 18 months. Originally incorporated in Pakistan in 2010, the company’s operations include ferrous and nonferrous business segments, with a focus on manufacturing and selling mild steel products. The company’s main markets are the domestic housing sector, large infrastructure projects, and international markets for copper products. According to AKD Securities, the company has successfully achieved commissioning for its copper expansion project and is expected to achieve sales worth Rs25 billion in the coming 14-16 months. You can find out more about Mughal Iron & Steel Industries Limited at https://www.brecorder.com/news/40235535.


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