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Mostafa-Hakim Group expands steel production capacity Mostafa Hakim Group invested Tk 1,000 crore to establish the new unit, HM Steel and Industries, in Chattogram’s Karnaphuli upazila. Rajib Raihan Dwaipayan Barua, Ctg Dwaipayan Barua, Ctg Mostafa-Hakim Group yesterday launched a new MS rod production facility to expand its annual production capacity by 4 lakh tonnes. The move comes just four years after the company set up its first fully-automated rebar manufacturing unit called Golden Ispat. The group invested Tk 1,000 crore, including Tk 700 crore from United Commercial Bank, to establish the new unit, HM Steel and Industries, in Chattogram s Karnaphuli upazila. Land Minister Saifuzzaman Chowdhury inaugurated the plant through a ceremony chaired by Mohamad Manjur Alam, managing director of Mostafa-Hakim Group and former mayor of Chattogram City Corporation (CCC). ....