Agha Steel to Supply Rebars to Gulberg Mall & Signature Living

Karachi based Pakistani Agha Steel Industries has signed an accord with Gulberg Mall & Signature Living, to solely supply Green Electric Arc Furnace Technology steel rebars to their mega project. Agha Steel Industries Chief Executive Officer Mr Hussain Agha said “It is a great initiative and I feel it is high time that we all play our part towards environment protection, as we can already see the devastating effects of climate change with the recent floods in Pakistan that has put our nation’s infrastructure to test. By using recycled scrap for our raw material, we reduce the need for natural resources. Our CO2 Scope 1 greenhouse gas emissions and energy consumption intensities are approximately 7 times less than the global steelmaking average, making the Green Arc Furnace Technology environmentally friendly.”Agha Steel Industries commenced the Green Steel Revolution through ESG initiatives by inaugurating a 2.25MW solar power project and signing a term sheet with Engro Energy for further renewable energy commitments. It is estimated that once Agha Steel installs the MiDa technology in 2023, it would reduce its electricity consumption by a hefty 20% and its production losses in terms of raw material would be reduced by 8%Gulberg Mall & Signature Living Islamabad is a multi-use project spread on a large scale in Gulberg Greens in Islamabad. The developers of Gulberg Mall and Signature Living Islamabad are Transtech Developers and the whole project is being designed by Jamshed Khan & Associates.Agha Steel Industries is leading steel rolling mill in Pakistan with an annual capacity of 240,000 tonnes per annum of rebars in 9.5mm to 40mm. The rolling mill is fed by billets cast by 45 tonnes EAF; ASIL has been established by Agha Group, which has a vast experience in the steel industry. The thriving entrepreneurial background of the sponsor’s family is evident from various successful steel industry related ventures launched by them over a 60 years period.