- August 24, 2026
- Posted by: Tresmark
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Mughal Iron & Steel Industries Limited (MUGHAL) has announced its participation in a consortium formed to pursue the privatisation of Gujranwala Electric Power Company (GEPCO).
In a material disclosure dated August 24, 2026, the company said its Board approved participation in a consortium comprising Fast Cables Limited, AKD Securities Limited, AJCL (Private) Limited and Mughal Iron & Steel Industries Limited.
The consortium has appointed AKD Securities Limited as Lead Consortium Member, authorising it to represent the consortium and conduct relevant business during the privatisation process.
MUGHAL clarified that it has not assumed any binding obligation regarding the proposed transaction. Its participation remains subject to pre-qualification by the Privatisation Commission, due diligence, and all required corporate and regulatory approvals.
