Tuesday, 3 February 2015

Mughal Steel set to convert into public limited/listed company

Mughal Iron and Steel Industries Limited received the accolade in the rank of Corporate Social Responsibility (CSR) functions by the National Forum for Environment and Health (NFEH) at the Corporate Social Responsibility Awards 2015.

"Our relentless engagement in CSR activities has equally served as a source of learning for us in witnessing positive difference in our stakeholders, communities and the environment. Adopting CSR initiatives at all levels of our business has given us a chance to add more value, strengthen our corporate image and last but not the least, CSR has ignited as a constant recall to our purpose of existence in this world," said Mughal Steel Chairman Javaid Mughal while celebrating the achievement before the stakeholders.

Paying gratitude to the employees, GM Mughal Steel, Shakeel Ahmad expressed resolve that the transition of translating CSR values to be incorporated in the corporate values of the company once seemed a challenge but today, the hustle and bustle witnessed at the Mughal Eye Hospital was self-explanatory.

"It was after the establishment of Mughal Eye Hospital that has also widened our very own vision." He also added that CSR in Mughal Steel was beyond donations and could be observed in many forms such as employee development and empowerment, production of safe, reliable and innovative products, research and development and stringent health and safety measures imparted to 3,000 workforce of the company.

Shakeel commented that CSR to Mughal Steel means, more is less! In conjunction to the rising profits and financial strengthening of the company, Mughal steel exercises a holistic approach in serving the social welfare of the community. The group established a Trust in the name Mughal Eye Hospital in 1998 as a means to pay back to the society. The well equipped eye hospital serves to treat the patients free of cost.

Mughal Steel is one of the leading industries of Pakistan in the steel and iron sector. Mughal Group of Industries prestige spreads over 55 acres of production unit in the suburbs of Lahore, with an installed capacity of producing 800,000 tons annually. Mughal Steel is soon to convert into a public limited/listed Company.
Copyright Business Recorder, 2015

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