Beco Steel Limited has announced that it has begun supplying steel angles for projects undertaken by WAPDA and various Distribution Companies (DISCOs). These steel angles are used in electricity poles and related infrastructure.
This supply is currently being channeled through indirect vendors.
According to the company, this development will enable it to be included in the approved vendor list of these organizations, allowing it to provide direct supplies for future energy and infrastructure projects.
The statement noted that this progress will further strengthen the company’s presence in the energy sector and will have a positive impact on its sales, profitability, and overall market position.
The management reiterated its commitment to expanding its customer base, maintaining high-quality standards, and seeking growth opportunities that enhance shareholder value.
Beco Steel Limited, formerly known as Ravi Textile Mills, is registered as a public limited company in Pakistan. It manufactures and supplies steel products, including structural steel and fabricated components, which are used in construction, energy, and industrial projects.
Recent Diversification and Expansion
- Deformed Steel Bars: Last month, the company announced plans to diversify its operations into the production of deformed steel bars, marking a key step in its long-term expansion and growth strategy. Under this plan, the company decided to install a modern steel furnace and continuous casting mill with an annual production capacity of 72,000 tonnes of re-bars.
- Solar Power: The company also announced plans to establish a 5 MW solar power plant as part of its expansion strategy.
- Exports: In July, Beco Steel successfully dispatched a consignment of Copper Ingots to Hong Kong, China, as its first export consignment, which was recorded as a major milestone in the company’s expansion planning.
