Karachi September 14 2023: Agha Steel Industries Limited has entered in to a contract for acquisition of 50 cubic meter (m3) Blast Furnace for backward integration with its existing Arc furnace, according to company filing to the Pakistan Stock Exchange.
In addition to this, the Company has also partnered with Iron ore mine owners in KPK for exclusive raw material supply for its blast furnace. The Company intends to export iron ore from these mines to the international market, based on commercial viability of the international trade.
Agha Steel Industries Limited was incorporated on 19th November 2013 as a private limited company. The Company was converted into a public limited company on 7th April 2015. The company is principally engaged in manufacturing and sale of steel bars, wire rods and billets.