Nishat Mills Limited (PSX: NML) and D.G. Khan Cement Company Limited (PSX: DGKC) have signed agreements for solar power plants and battery energy storage systems at their respective facilities, with both projects expected to begin power generation in March 2027.
Nishat Mills has signed an agreement with EBR Energy Pakistan (Pvt.) Limited, Sungrow Power Supply Co. Ltd., China and Pragmatic Engineering Solutions FZE for the supply and erection of a 20MW PV solar power plant and a 35MWh battery energy storage system at its plants located at Bekhi and Ferozwattan, Sheikhupura Faisalabad Road.
D.G. Khan Cement has separately signed an agreement with the same companies for the supply and erection of a 25MW PV solar power plant and a 10MWh battery energy storage system at its cement plant in Mauza Khofli Sattai, Dera Ghazi Khan.
Together, the projects will add 45MW of solar generation capacity and 45MWh of battery storage across the two facilities.
Both companies disclosed the agreements to the Pakistan Stock Exchange on September 23, 2026, under the applicable securities disclosure requirements. The projects are expected to start generating power in March 2027.
Nishat Mills Limited, the flagship company of Nishat Group, was established in 1951 and is one of Pakistan’s largest vertically integrated textile companies, covering spinning, weaving, processing, stitching, apparel and power generation, with the company also involved in the sale and supply of electricity.
D.G. Khan Cement Company Limited was established in 1978 and began commercial production in 1986. The company, majority owned by Nishat Group, is principally engaged in the production and sale of clinker and cement, with operations centered around its cement manufacturing facilities.
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