Engro

Liberty’s acquisition of shares in Sindh Engro Coal Mining Company approved. Who benefits from the deal? D_Trends

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Liberty’s acquisition of shares in Sindh Engro Coal Mining Company approved. Who benefits from the deal? D_Trends

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of 11.9% of the paid-up ordinary share capital of Sindh Engro Coal Mining Company (SECMC) by International Electric Power (Private) Limited under a Share Purchase Agreement (SPA).   As per details International Electric Power (Private) Limited, established in March 2024 specifically for this transaction, … Read more

VIS reaffirms entity ratings of Engro Powergen Qadirpur with stable outlook D_Trends

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VIS reaffirms entity ratings of Engro Powergen Qadirpur with stable outlook D_Trends

VIS Credit Rating Company Limited has maintained the entity ratings of Engro Powergen Qadirpur Limited (EPQL) at ‘AA-/A-1’, signifying high credit quality with low business risk, according to a press release.   While the long-term rating of ‘AA-’ indicates a strong capacity for timely debt repayment, the short-term rating of ‘A-1’ highlights the company’s ability to … Read more

Engro Corporation’s quarterly profit plummets 61% to Rs5.07 billion in Q2 2024 D_Trends

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Engro Corporation’s quarterly profit plummets 61% to Rs5.07 billion in Q2 2024 D_Trends

ISLAMABAD: Engro Corporation Limited (ENGRO), one of Pakistan’s largest conglomerates, reported a consolidated profit-after-tax (PAT) of Rs5.07 billion for the second quarter ending June 30, 2024, marking a steep decline of over 61% compared to Rs13.03 billion in the same period last year. The financial results, released on Thursday via the Pakistan Stock Exchange (PSX), … Read more

Engro Fertilizers base plant resumes operations after maintenance  D_Trends

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Engro Corporation’s quarterly profit plummets 61% to Rs5.07 billion in Q2 2024 D_Trends

The Base Plant of Engro Fertilizers Limited successfully resumed operations on August 09, 2024, following the completion of unscheduled maintenance activities.  The company informed about this development to the Pakistan Stock Exchange (PSX) through a notice on Monday, in accordance with Sections 96 and 131 of the Securities Act, 2015 and Clause 5.6.1(a) of the … Read more

Engro Fertilizers shuts down its base plant for unscheduled maintenance  D_Trends

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Engro Fertilizers shuts down its base plant for unscheduled maintenance  D_Trends

Engro Fertilizers Limited announced the shutdown of its base plant for unscheduled maintenance.  Engro shared this information with the Pakistan Stock Exchange (PSX) through a notice on Tuesday in accordance with Sections 96 and 131 of the Securities Act, 2015 and Clause 5.6.1(a) of the PSX Rule Book. The company said that the tentative duration … Read more