Pioneer Cement has commissioned a 28MW solar power plant at its Punjab facility.

The company announced the completion of its major renewable energy project via a PSX filing. This addition aims to lower operational energy costs for the cement manufacturer.

Possible impact on PSX shares

• PIOC Pioneer Cement Limited▲ Could be positive

  The addition of the solar plant may significantly cut grid dependency and reduce production expenses, which could support better margins for Pioneer Cement.

  Price when this was written: Rs 241.20 · Live price, chart and results

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Business Recorder: Pioneer Cement commissions 28MW solar power plant in Punjab