Beco Steel Limited (PSX: BECO) has officially entered the supply chain for Pakistan’s power infrastructure projects, the company announced in a filing to the Pakistan Stock Exchange on Tuesday.
The steel manufacturer is now supplying steel angles, a critical component for constructing electric transmission poles and related infrastructure, to projects managed by the Water and Power Development Authority (WAPDA) and various Distribution Companies (DISCOs). Initially, these supplies are being made through indirect vendors.
Securing a position in the approved vendor lists of WAPDA and DISCOs is a key milestone for Beco Steel. Being added to these lists will enable the company to directly participate in future power and infrastructure projects, eliminating intermediaries and enhancing its market presence.
Company officials expect this development to drive significant growth, strengthening Beco Steel’s footprint in the power sector and positively impacting its sales, profitability, and market share.
The company reiterated its commitment to expanding its customer base, maintaining high-quality standards, and seeking growth opportunities to enhance shareholder value. This move is seen as a strategic effort to capture a larger share of the growing infrastructure market, driven by increasing public sector investments.
