International Steels Commissions Solar Power Project in Karachi

International Steels Limited (ISL), a subsidiary of International Industries Limited, has successfully completed and put into operation a 6.4-megawatt (MW) solar power initiative at its Karachi-based manufacturing facility.

The steel manufacturer, listed on the stock exchange, communicated this development in a formal notification to the Pakistan Stock Exchange (PSX) on Friday.

The notification stated, “We are pleased to announce the successful completion and full operational status of the 6.4MW solar power project at our Karachi factory.”

“This undertaking is in line with International Steels Limited’s overarching sustainability strategy, highlighting our dedication to energy conservation, ecological responsibility, and economic efficiency,” the notice further mentioned.

ISL, initially established on September 3, 2007, as a public unlisted company, functions as a subsidiary of International Industries Limited.

The company’s primary business involves the production of cold rolled, galvanized, and color-coated steel coils and sheets.

The company also noted that the project’s fruitful execution is projected to lead to operational savings while simultaneously diminishing the company’s carbon emissions.

Across Pakistan, there’s an increasing inclination towards adopting alternative energy solutions, notably solar power, which has gained considerable traction within both residential and commercial sectors.

This escalating trend has prompted decision-makers to address its ramifications for the national grid and the broader energy landscape, particularly as electricity consumption plateaus.

Nevertheless, multiple ventures have been launched to harness this comparatively more affordable energy source.

In March, Tariq Corporation Limited (TCORP), a manufacturer of sugar and associated by-products, revealed intentions to establish a 200KW solar power system at its plant.

Prior to that, in February, Olympia Mills Limited disclosed plans to install a 500KW off-grid solar power system at its own facility.

Data presented to the Economic Coordination Committee (ECC) indicates that the total installed solar capacity experienced substantial growth, escalating from 321MW in 2021 to 4,124MW by the close of December 2024.