Karachi: Beco Steel Limited has made a notable advancement by securing a position on the approved vendor list for supplying steel angles directly to projects undertaken by the Water and Power Development Authority (WAPDA) and Distribution Companies (DISCOs). This information was disclosed on November 7, 2025, pursuant to Sections 96 and 13I of the Securities Act, 2015, and Clause 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited.

Previously, Beco Steel Limited supplied its products through indirect vendors. The company’s transition to direct supply is anticipated to enhance its presence in the power sector, potentially boosting its sales, profitability, and overall market share. The management of Beco Steel Limited emphasizes its commitment to maintaining high quality standards and expanding its customer base.

According to information available from the Pakistan Stock Exchange (PSX), this development represents a strategic move by Beco Steel to capitalize on growth opportunities in the power and infrastructure sectors. The company's inclusion in the approved vendor list positions it favorably for future projects, reinforcing its role in strengthening power infrastructure.

Beco Steel Limited is actively working to disseminate this information to TREC holders and the Exchange, as it continues to pursue initiatives that enhance shareholder value. The company remains focused on exploring avenues that align with its growth objectives in the designated market category.