Pioneer Cement approves solar plant at Khushab site

MG News | June 15, 2026 at 03:37 PM GMT+05:00

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June 15, 2026 (MLN): Pioneer Cement Limited's (PSX:PIOC) Board of Directors has approved the installation of a 28.265 MW solar power plant at the company's plant site in Chenki, Jauharabad, District Khushab.

The company stated that the solar plant is expected to be commissioned and commence commercial operations during the second quarter of FY2026-27, company’s filing on PSX revealed today.

The company said the strategic investment reflects its continued commitment to operational excellence, sustainability, and long-term value creation for stakeholders, and is expected to result in significant savings in energy costs.

The investment will be funded entirely through the company's own cash flows.

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