MS AR 2018 (1)

Energy Conservation
The Company is firmly committed to efficient use of limited
energy resources. In this regard, gas and electricity can be
produced at Mughal Steel. Further, successful turnaround in
form of new energy efficient furnaces and rolling mills have
brought desired results of efficient performance in addition
to overall improvement in energy consumption indices.
The efforts of the Company for energy conservation
have also been recognized by the Ministry of Industries,
Engineering Development Board, FPCCI and other industrial
forums of the country particularly for its contribution to
energy efficiency measures.
Impact Of Company’s Business On Environment
And Environmental Protection Measures
The production of steel is grossly dependent on large
amount of coal feedstock that releases clouds of carbon
dioxide emissions in the atmosphere. Clean coal technology
is an efficient technology which reduces the emissions
of Sulfur Dioxide and Nitrogen Dioxide resulting in plant
efficiency. The Company is the pioneer in augmenting the
utilization of coal gasification also known as the clean coal
technology introduced in the industrial sector of Pakistan.
Similarly, production of billets results in significant amount
of smoke which is released into the atmosphere. In order to
control this, the Company has installed state of the art dust
collection system.
The coal gasification and dust collection system also
accredits the Company in fulfilling its strong commitment
towards environmental sustainability. This has further
strengthened the image of Mughal Steel as an environmental
sensitive Company that operates in compliance to the
international health and environmental standards.
Further, the elimination of re-heating furnaces by enabling
direct-rolling for re-rolling mills has further, reduced the need
for use of coal gasification and furnace oil.
The Company is also ISO 14001:2015 compliant.
Community Investment & Welfare Schemes
The Company has a tradition of good community relations.
We believe that investing in our communities is an integral
part of our social commitment to ensure the sustained
success of the Company. We aim to ensure that our
business and factory have the resources and support to
identify those projects, initiatives and partnerships that
make a real difference in their communities and that mean
something to employees and their families. Wedding
ceremonies are arranged for underprivileged individuals
of the society. Educational scholarships also are given to
needy students who have shown praiseworthy academic
performance.
Consumer Protection Measures
The Company takes care and applies appropriate
procedures to manufacture steel products so as to ensure
that no harmful substances are present in its products. The
Company has strict policy to control any activity which is
against the consumer rights.
Industrial Relations
The Company has set procedures, rules and regulations
which regulate employment guidance. The Company has
allocated Gratuity and Worker’s Profit Participation Fund
for its employees. The Company also pays bonuses to
employees on the basis of Company’s profitability and also
awards performance incentives to star performers.
Employees are required to ensure compliance with
regulations and the Company fully recognizes employee
rights including the Collective Bargaining Agent (CBA).
The Company is committed to provide equal opportunity
to all existing and prospective employees without any
discrimination on the basis of religion, gender, race, age
etc. The Company also organizes rewards and recognition
programs for acknowledgment of work done by its
employees.
Employment Of Special Persons
The Company ensures employment of disabled persons
in compliance with the rules set out by the Government
of Pakistan in respect of quota of the total workforce
necessitated to be allocated to disabled persons.
Annual Report 2018
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