Nishat Mills Limited (PSX: NML) and D.G. Khan Cement Company Limited (PSX: DGKC) have signed agreements to install solar power plants and battery storage systems at their facilities, with both projects expected to start generating electricity in March 2027.

Nishat Mills has entered into an agreement with EBR Energy Pakistan (Pvt.) Limited, Sungrow Power Supply Co. Ltd., China, and Pragmatic Engineering Solutions FZE for the installation of a 20MW photovoltaic (PV) solar power plant and a 35MWh battery energy storage system.

The project will be installed at Nishat Mills’ facilities in Bekhi and Ferozwattan along Sheikhupura-Faisalabad Road.

Separately, D.G. Khan Cement has signed an agreement with the same companies for a 25MW PV solar power plant and a 10MWh battery energy storage system at its cement facility in Mauza Khofli Sattai, Dera Ghazi Khan.

Combined, the two projects will add 45MW of solar generation capacity and 45MWh of battery storage across the companies’ facilities.

Both companies disclosed the agreements to the Pakistan Stock Exchange on September 23, 2026. The projects are scheduled to begin power generation in March 2027.

Nishat Mills, the flagship company of Nishat Group, was established in 1951 and operates across several segments of the textile industry, including spinning, weaving, processing, stitching and apparel. It is also involved in power generation and electricity supply.

D.G. Khan Cement was established in 1978 and started commercial production in 1986. The company is principally engaged in manufacturing and selling clinker and cement and operates cement production facilities in Pakistan.