Mughal Steel

Mughal Iron & Steel Industries, commonly known as Mughal Steel (Urdu: مغل اسٹیل), is a Pakistani steel company which manufactures steel products and is based in Lahore.^[2][3][4]

Mughal Steel

Company type	Public
Traded as	PSX: MUGHAL KSE 100 component
Industry	Steel
Founded	1950; 75 years ago (1950)
Headquarters	Lahore, Pakistan
Area served	Pakistan
Key people	Mirza Javaid Iqbal (chairman) Khurram Javaid (CEO)
Revenue	Rs. 67.390 billion (US$230 million) (2023)
Operating income	Rs. 9.226 billion (US$32 million) (2023)
Net income	Rs. 3.480 billion (US$12 million) (2023)
Total assets	Rs. 59.831 billion (US$210 million) (2023)
Total equity	Rs. 25.372 billion (US$88 million) (2023)
Number of employees	2,250 (2023)
Website	mughalsteel.com
Footnotes / references Financials as of 30 June 2023[update] [1]

History

Mughal Steel was formed in the early 1950 as Mughal Traders. The entity then imported Iron and steel products for local consumption.^[5] It was started in 1950 as Mughal Traders imported Iron and steel products.^[4]

In 2008, Mughal acquired the plant and machinery of Al-Bashir Steel Industries.^[6]

In 2010, Mughal was incorporated as Mughal Iron & Steel Industries Limited.^[6]

In 2015, Mughal was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of PKR 34.^[6][7]