Beco Steel Limited (BECO) has announced plans to diversify its operations into the production of deformed steel bars. The move is part of the company’s long-term growth and expansion strategy.
The company, listed on the Pakistan Stock Exchange, said it currently operates in both ferrous and non-ferrous segments. Its products cater to local and export markets. Sales have shown a steady growth trend, and the company remains debt-free, operating without loans from financial institutions.
“In line with our long-term growth strategy and expected increase in steel demand, we plan to enter the deformed steel bar market,” the company said in a notice. The expansion will include a modern steel furnace and a continuous casting mill. The facility will have an annual production capacity of 72,000 tons of rebars.
In addition to production expansion, Beco Steel will install a 5MW solar power plant to enhance cost efficiency and sustainability. The entire project will be self-financed, with no external borrowing. The CEO has already acquired the land required for the project, and construction is expected to begin in early 2026.
Beco Steel, formerly known as Ravi Textile Mills, is an integrated steel producer in Pakistan. Its products range from scrap and billets to specialty steel. The company has a growing international presence, marked by its first export shipment of copper ingots to Hong Kong, China, in July 2025.
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The diversification into steel rebar production and renewable energy demonstrates Beco Steel’s commitment to meeting rising domestic demand and improving sustainable operations. Analysts believe this expansion will strengthen the company’s position in the Pakistani steel market and support future growth initiatives.
With these strategic developments, Beco Steel is poised to continue its upward trajectory while contributing to industrial growth and sustainable energy adoption in Pakistan.
