Karachi: Beco Steel Limited has unveiled plans for a significant expansion project, aiming to diversify its operations into deformed steel bars production. According to a disclosure dated October 14, 2025, the company will install a state-of-the-art steel furnace and continuous casting mill, which will have an annual production capacity of 72,000 tons of rebars.

The company, which operates in both ferrous and non-ferrous segments serving local and export markets, continues to experience a positive growth trajectory. Notably, Beco Steel Limited maintains a debt-free status, operating without any borrowings from financial institutions.

In line with its long-term expansion and growth strategy, the company aims to meet anticipated future demand for steel through this diversification. To further enhance cost-efficiency and sustainability, the expansion plan includes the addition of a 5 MW solar power plant.

According to information available from the Pakistan Stock Exchange (PSX), Beco Steel Limited's expansion project will be fully self-financed, with no external borrowings involved. The Chief Executive Officer has already acquired the requisite land for this expansion, with project execution scheduled to commence in early 2026.

The information has been disclosed in accordance with Sections 96 and 131 of the Securities Act, 2015, and Clause 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited. The company's initiative reflects its commitment to growth and sustainability in the steel industry.