Two cement firms, Thatta Cement and Cherat Cement, have made significant advancements in increasing their renewable energy capacity.
Thatta Cement announced the successful completion of its 4.8 MW wind power project at its plant in Thatta, Sindh, ahead of schedule. The project, which became operational on April 3, 2025, adds to the company’s growing renewable energy portfolio, which now includes a combined 9.8 MW capacity from wind and solar sources.
As a result of this announcement, Thatha Cement’s stock saw an immediate boost, with the share price rising by Rs 4.26, or 1.97%, reaching Rs 220.25 by 11:29 AM on April 4, 2025. This upward movement reflects investor confidence in the company’s sustainable energy strategies.
The company’s equity profile shows a market capitalisation of Rs 21.96 billion, with approximately 30% of shares in free float, indicating a healthy liquidity position in the stock market.
In a similar move, Cherat Cement announced the successful commissioning of its 6.065 MW solar power plant at its factory site in Nowshera, Khyber Pakhtunkhwa, on April 3, 2025. The company expects the total project capacity to reach approximately 9 MW, with an additional 2.935 MW set to be energized within the current financial year.
This project is expected to enhance the company’s captive power generation capacity, reducing reliance on traditional power sources.
