| Mughal Steel | |
| Type: | Public |
| Traded As: | KSE 100 component |
| Area Served: | Pakistan |
| Industry: | Steel |
| Location: | Lahore, Pakistan |
| Revenue Year: | 2023 |
| Income Year: | 2023 |
| Net Income Year: | 2023 |
| Assets Year: | 2023 |
| Equity Year: | 2023 |
| Num Employees: | 2,250 |
| Num Employees Year: | 2023 |
| Footnotes: | Financials [1] |
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 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]
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.[8]