PSYL expands capacity, invests in 10MW/20MWh battery system

MG News | November 11, 2026 at 03:42 PM GMT+05:00

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November 11, 2026 (MLN): Two additional systems of plastic closure manufacturing machines will be procured by Pakistan Synthetics Limited (PSX: PSYL) under a contract signed with SACMI Imola Italy, in line with rising demand for the company’s product.

The company has also entered into an agreement with Pragmatic Engineering Solutions FZE and Sungrow Power Supply Co. Ltd., China, for the supply of a 10MW/20MWh battery energy storage system (BESS).

The BESS will let solar energy stored during the day be used during peak demand hours. This will reduce grid electricity consumption and, in turn, energy costs. The project is scheduled for completion by the end of financial year 2027.

The investment reinforces the company’s commitment to operational excellence, sustainability and increased long-term stakeholder value.

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