Footnotes / references Financials as of 30 June 2024[update][1]
Lucky Cement Limited, also known as Lucky Group, is a Pakistani conglomerate headquartered in Karachi, Sindh.[2] Named after the place, Lakki Marwat, where the first plant was commissioned in 1993, Lucky has become one of the largest cement producers in Pakistan.[3] It has 15.3 million tonnes per annum of manufacturing capacity.[4] The company is listed on the Pakistan Stock Exchange.
Over the years, Lucky Cement has expanded its business operations with a plant in Nooriabad, Jamshoro District, Sindh and two field plants at Karachi on Super Highway.[7] It exports its loose cement using its own loading and storage terminal at Karachi Port, which has a capacity of 24,000 tons of cement.[9][10]
Lucky Cement is owned by a corporate group called Yunus Brothers Group and its subsidiaries including Gadoon Textile Mills, Lucky Textile Mills, and Yunus Textile Mills, all based in Karachi.[7][12] It is one of four companies that collectively control 19.3% of the total market capitalization on the Pakistan Stock Exchange (PSX).[12]
Products
In 2017, the company was producing Ordinary Portland Cement, Sulphate Resistant Cement, Block Cement and Clinker and had about an 18 percent share of the Pakistani cement market.[3][13]
Geared to sustainable growth, The YB Group has diversified into the power generation sector by investing into Lucky Electric Power Company Limited. The company is a wholly owned subsidiary of Lucky Cement. It is the largest importer of coal with Lucky Cement Limited investing in a 660MW coal-based power project in Bin Qasim Town.[15]
In July 2020, K-Electric Limited (Karachi) and Lucky Cement signed an agreement whereby K-Electric would buy up to 6 megawatt (MW) of electricity from Lucky Cement to be supplied to DHA City, Karachi being developed along Superhighway.[16]
Alternate fuel
Lucky Cement has shifted its focus to alternate fuel such as TDF and RDF.[17]
Sustainability reporting
In 2012, Lucky Cement was the only company in Pakistan to receive an A+ rating by Global Reporting Initiative (GRI) of Netherlands, for its Sustainability Report for 2012.[18]
In October 2023, Lucky Cement's board of directors announced a decision to invest up to Rs.4 billion in Lucky Core Ventures (Private) Limited and National Resources (Private) Limited, a Balochistan-based mining company.[22]
In 2024, Lucky Cement and Fatima Fertilizer Company acquired a direct stake in National Resources (Private) Limited.[23]
