KARACHI: Pakistan’s premier conglomerate, Engro Corporation Limited’s standalone revenue increased to Rs24 billion in 2022 from Rs21 billion in 2021, exhibiting a healthy growth of 14 per cent, a statement issued by the company said on Thursday. Higher revenue was primarily due to higher dividends received from the Engro Polymer and Chemicals Limited (EPCL), Engro … Read more
KARACHI: Pakistan’s premier conglomerate, Engro Corporation’s standalone revenue increased to Rs16.6 billion in the first half ended June 30, 2022, exhibiting a substantial growth of 92 percent, a statement said on Wednesday. Higher revenue was primarily due to higher dividends received from Engro Polymer and Chemicals Limited (EPCL) and Engro Fertilisers Limited (EFERT), which, in … Read more
KARACHI: Pakistan’s premier conglomerate, Engro Corporation’s profitability exhibited a substantial growth of 92 per cent to reach Rs6.88 billion in the first quarter of 2022 against Rs3.59 billion in the same period of 2021, a statement said on Thursday. The company’s dividend income grew 124 per cent during the period under review to reach Rs7.70 … Read more
KARACHI: The Morgan Stanley Capital International (MSCI) has added Pakistan in MSCI FM 100 and MSCI FM 15% country cap index, which could bring around $85 million inflows to the local stock market. Wajid Rizvi at JS Global Capital said that Pakistan would become a part of these indices in the upcoming MSCI Semi-Annual Index … Read more
By improving its production efficiency, fertiliser industry can contribute up to $1 billion annually to the national exchequer, a senior official of Engro Fertilizers, said. “By exporting 0.8 million tonnes of urea we can earn in the range of $500 million to $900 million, depending on the international prices. But by de-bottlenecking the production capacity … Read more
ISLAMABAD: Engro Elengy Terminal Limited (EETL), Pakistan’s first LNG terminal has handled around 25 million tonnes liquefied natural gas (LNG) (1,226bcf gas), since it’s commissioning in 2015, to meet the energy needs of the country. The terminal has successfully handled about 419 Ship-To-Ship cargoes safely and at the fastest speed in the world, Chief Executive … Read more
KARACHI: The Sindh Engro Coal Mining Company (SECMC) has successfully achieved 10 million tonnes of coal production milestone, a statement said. SECMC, one of the largest public-private partnership in the energy sector, commenced commercial operations in July 2019 with an annual production capacity of 3.8 million tonnes. Over the last two-and-a-half years, SECMC has successfully … Read more
KARACHI: The International Finance Corporation (IFC) is partnering with Engro Corporation to help reduce plastic waste, promote recycling and boost the company’s energy efficiency, a statement said on Monday. The project is part of the IFC’s Pakistan Resource Efficiency Programme, which aims at improving the efficiency, cost-competitiveness, reliability, and productivity in the manufacturing sector, particularly … Read more
KARACHI: The Engro Fertilizers Limited (EFL) inaugurated the first Engro Learning Centre to strengthen academia-industry linkage and boost agricultural productivity, a statement said on Thursday. EFL established and formally inaugurated a solar-powered Engro Learning Centre at the University of Agriculture Faisalabad, it added. A memorandum of collaboration was signed between Engro Fertilisers and University of … Read more
KARACHI: Engro Polymer and Chemicals Limited (EPCL) has become the first affiliate member from Pakistan to join the World Economic Forum’s (WEF) Global Plastic Action Partnership (GPAP), a statement said on Tuesday. Joining WEF’s action partnership is a part of EPCLS’s sustainability efforts to promote circular economy and contribute to achieving zero plastics waste. In … Read more
KARACHI: Engro Enfrashare, a wholly-owned subsidiary of Engro Corporation, has entered into an Islamic syndicate arrangement amounting to Rs4.50 billion, led by Meezan Bank and Faysal Bank, a statement said on Tuesday. The proceeds raised through this Islamic syndication would be utilised to finance the development of tower sites for various mobile network operators (MNOs) … Read more
LAHORE: FrieslandCampina, Dutch multinational dairy cooperative, is gradually shifting its operation at its Sahiwal plant to environment-friendly renewable energy resources. The manufacturer of the best seller tetra pack brand, Olper, is meeting 15 per cent of the energy needs through biomass. The plant, which is producing both milk and Omore ice-cream, is generating the rest … Read more
KARACHI: Engro Fertilizers Limited and the Bank of Punjab (BoP) have collaborated to provide easy financing to farmers through the bank’s branch network across Pakistan, a statement said on Thursday. Under this arrangement, progressive farmers under Engro Fertilizers Limited’s Shandaar Kissan programme will be able to avail financing on easy terms and concessional markup rates … Read more
KARACHI: Engro Corporation has announced that it would enhance its total equity investment in the telecom infrastructure vertical to Rs21.5 billion, a bourse filing said on Wednesday. Engro has also formed a dedicated platform for connectivity and telecom infrastructure-related initiatives by the name of Engro Connect (Pvt) Limited (EConnect), it added. EConnect is a wholly-owned … Read more
KARACHI: Engro Polymer and Chemicals Limited (EPCL) has declared a final cash dividend of Rs7/share along with the financial results for the half-year ended June 30, 2021, which is in addition to an interim dividend of 8 paisas/share already paid to the shareholders. The EPCL announced a net profit of Rs7.26 billion, translating into the … Read more
KARACHI: Engro Fertilizers Limited’s earnings for the second quarter ended June 30, 2021 surged 25.77 per cent to Rs4.8 billion (EPS: Rs3.6), compared with the net profit of Rs3.8 billion (EPS: Rs2.91) in the corresponding period of the last year, a bourse filing said on Thursday. The company declared an interim cash dividend of Rs4/share. … Read more
KARACHI: The government should introduce balanced agriculture policies and modernise the value chain to control food inflation and manage strategic reserves of certain commodities in Pakistan, experts said on Friday. The experts gave their input during the “Agri Webinar Series”, organised by the Engro Fertilizers and Pakistan Agricultural Coalition. Addressing the session, titled “Rethinking Pakistan’s … Read more
KARACHI: The Hub Power Company (Hubco) has appointed Kamran Kamal as its new chief executive officer (CEO), a statement issued by the company said on Wednesday. Kamal has succeeded Khalid Mansoor who led the company for eight years. Kamal had already been a part of Hubco for the last six years as the CEO of … Read more
Engro has shut down its offices in the in Dolmen Mall – Harbour Front building today as one of its employee was diagnosed with the novel coronavirus. Engro Corporation has issued a statement which states that at 01:00 pm on Tuesday, an employee of Engro who worked at the eighth floor office of the … Read more
K-Electric and Engro Energy signed a Memorandum of Understanding to develop Solid Waste to Energy Plant at an estimated cost of US$ 175 million. According to the details, aimed at reducing the climate change impact by converting Karachi’s municipal solid waste into indigenous and renewable resource of energy, K-Electric and Engro Energy signed a Memorandum … Read more
