Agha Steel Industries Ltd.
PPSX:AGHA6.40
PKR
-0.10
(-1.54%)
ISIN
PK0118801015
Return %
Stock
S&P 500
1Y
-28.41
14.20
3Y
-57.10
81.12
5Y
-75.84
68.34
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Hussain Iqbal Agha
- Full Time Employees
- 276
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- Karachi Pakistan
- IPO Date
- Nov 2, 2020
- Website
- aghasteel.com
- Similar Companies
- Business
- Agha Steel Industries Limited is a Pakistan-based steel manufacturing company that manufactures, processes, and markets steel billets and deformed reinforcing steel bars for construction and infrastructure development. The company operates an integrated steel melting and re-rolling manufacturing facility located at Port Qasim in Karachi, Pakistan, utilizing an automated Electric Arc Furnace and continuous casting technology. The company's product portfolio comprises semi-finished steel billets, including mild steel, carbon steel, and alloy steel billets engineered with precise metallurgical properties; deformed reinforcing bars under the flagship Agha Arcon brand; ASTM A706 Grade 60 and Grade 80 seismic-resistant deformed rebars designed for high-strain structural and earthquake-prone applications; ASTM A615 standard deformed rebars for commercial and residential concrete reinforcement; Arcon E-Bar G500+ compliant with BS 4449:2005 standards providing optimized weldability and ductility; and eco-friendly Green Grade-80 high-yield strength rebars engineered for high-rise commercial structures and civil engineering projects. Founded in 2010 and commencing commercial production in 2012, Agha Steel Industries Limited is headquartered in Karachi, Pakistan, and is listed on the Pakistan Stock Exchange under the ticker AGHA. In recent developments, Agha Steel Industries Limited is executing a comprehensive debt restructuring and operational rehabilitation program across its banking consortium, restructuring approximately PKR 23.2 billion in financing facilities to re-profile short-term obligations into long-term ten-year facilities with extended principal moratoria, headlined by a bilateral debt restructuring agreement with Bank AL Habib Limited covering roughly 30 percent of total debt exposure. Operationally, the company continues to advance the installation and commissioning of Italian plantmaker Danieli's Mi.Da. (Micromill Danieli) endless casting and rolling technology to enable continuous, high-efficiency steel production. To optimize energy efficiency and lower manufacturing carbon intensity, the company is expanding its green steel initiatives through renewable energy partnerships, incorporating rooftop and on-site solar power generation facilities at its Port Qasim manufacturing complex.