February 11, 2026 (MLN): Beco Steel Limited (PSX: BECO) has commenced construction and execution of its expansion plan, which includes the installation of a 5 MW solar power plant as part of the project.

The contract for solar panels installation has been awarded, and necessary steps for the project’s procurement and arrangements are currently underway, according to the issued today.

The company has also applied for the requisite sanctioned load from the Lahore Electric Supply Company (LESCO).

The solar panels installation and the enhancement of the sanctioned load are anticipated to be completed within approximately four months.

Upon commissioning of the 5 MW solar power system, BECO is projected to generate an average of 600,000 kWh of electricity per month.

The project is expected to yield estimated cost savings of approximately Rs16.8 million per month, translating into around Rs201m on an annualized basis.

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