Lahore: Fast Cables Limited has successfully increased its solar power generation capacity, according to a recent disclosure made in compliance 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 has commissioned an additional 1.10 MW solar power system at its manufacturing facility, enhancing its total installed solar capacity to 3.00 MW.

The announcement, dated October 2023, highlights the company's push towards integrating renewable energy sources into its operations. Fast Cables Limited had already established a 1.90 MW solar system, which, with the new addition, aims to cover a significant portion of its energy requirements through solar power.

According to information available from the Pakistan Stock Exchange (PSX), this strategic move is a part of Fast Cables Limited's broader objective to improve its energy mix for increased sustainability and efficiency. The initiative is expected to contribute towards operational savings while reinforcing the company's dedication to environmental responsibility.

The expansion of the solar power system at Fast Cables Limited's facility marks a significant step in the company's ongoing efforts to promote clean energy and reduce dependency on non-renewable energy sources. The development is set to benefit both the environment and the company's operational processes, aligning with global trends towards sustainable industrial practices.