According to Dandot Cement Co Ltd’s nine-month report, the company lost RPKR129m (US$0.463m) in 9MFY23-24, compared to PKR118m during the same months last year. The company’s loss is mainly attributable to frequent shutdowns of the cement mill and kiln, which result in reduced cement production and high raw material consumption.
The company’s top officials stated in the report that after completing the BMR activity at Jhelum district, Pakistan, the plant commenced operations by lighting up the kiln in December 2023 and will achieve positive results through cost efficiency, streamlined processes, environmental compliance, and high-quality cement production.
The company has also installed a 5MW solar plant in a power purchase deal to mitigate rising electricity costs. Furthermore, it is exploring options to increase the solar capacity to 10MW. All plans for the company are designed to bring the company to a financially healthy and sustainable corporate entity.
