Karachi: Lucky Cement Ltd (LUCK) has announced plans to expand its production capacity and renewable energy capabilities following a recent corporate briefing. The company reported a 17% year-on-year increase in standalone earnings per share for the first quarter of fiscal year 2027, with a figure of Rs11.69, attributed to a stronger core performance and increased other income. Consolidated earnings showed a slight decrease of 2% year-on-year to Rs14.76 per share.

According to JS Global, the company revealed a significant expansion plan at its Karachi plant, aiming to add 3.2 million tons per annum (MTPA) through a brownfield project. This initiative is expected to raise Lucky Cement's total cement capacity in Pakistan to 18.8 MTPA by December 2027. In addition to production capacity, the company plans to enhance its renewable energy portfolio by installing a 10 megawatt (MW) waste heat recovery (WHR) system, a 22.5 MW wind turbine at the Karachi site, and a 15 MW solar capacity along with a 15 MW battery energy storage system (BESS) at its PEZU location.