Mughal Iron & Steel Industries, [] commonly known as Mughal Steel, is a Pakistani steel company which manufactures steel products. It is based in Lahore, Pakistan.

History

Mughal Steel was formed in the early 1950 as “Mughal Traders”. The entity then imported Iron and steel products for local consumption. It was started in 1950 as Mughal Traders imported Iron and steel products. In 2008, the company acquired the plant and machinery of Al-Bashir Steel Industries. In 2010, the company was incorporated as Mughal Iron & Steel Industries Limited. In 2015, the company offered

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

and was listed on the

Pakistan Stock Exchange The Pakistan Stock Exchange ( ur, , abbreviated as PSX) is a stock exchange in Pakistan with trading floors in Karachi, Islamabad and Lahore. PSX was classified by MSCI as a frontier market on 8 September 2021. The PSX was established on 11 ...

Financial Performance

Mughal Iron and Steel posted profit after tax of Rs 593 million for the fiscal year 2020, which resulted in Rs 2.36 earning per share.

References

Steel companies of Pakistan Manufacturing companies established in 2010 Pakistani companies established in 2010 Manufacturing companies based in Lahore Pakistani brands Companies listed on the Pakistan Stock Exchange 2015 initial public offerings {{Pakistan-company-stub