Mughal Steel & Iron Industries (MUGHAL): updates on its expansion progress – By Taurus Research
<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Mughal Steel & Iron Industries (MUGHAL) just updated its
stakeholders on the progress with regards to its ongoing expansion projects,
for which it issued 100% right shares earlier during 3QFY17.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Project 1 entails to solve the steel roller's capacity
utilization woes through increasing CPP power by way of procuring 6 gas fired
electric generators of 3.1MW gross capacity each. MUGHAL currently has 3 such
generators already in operation generating a gross total of 9.3MW. Henceforth,
when the 6 additional generators come online by ~4QFY18, total gross CPP
capacity shall reach 27.9MW.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medi...
