Thatta Cement has successfully completed and commissioned its 4.8 MW wind power project at its plant in Thatta, Sindh, ahead of schedule.
In a communication to the Pakistan Stock Exchange on Friday, Thatta Cement said that 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.
This new achievement in renewable energy aligns with the company’s broader commitment to sustainable practices, reducing its reliance on fossil fuels, and contributing to environmental goals. Thatta Cement’s continued investment in renewable energy is expected to lead to significant cost savings while bolstering the country’s transition towards cleaner energy 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.