Tag Archives: Engro Corporation Limited

Islamabad, September 08, 2015 (PPI-OT): The Floating Storage and Regasification Unit (FSRU) hired by LNG terminal operator Engro Elengy Terminal Limited has brought 25 billion cubic feet gas in the country since its commissioning in March this year. “The utilization of terminal, installed in record 11 months at a cost of US$ 150 million, is ...

Islamabad, August 19, 2015 (PPI-OT): The Board of Directors of Engro Corporation announced its 1H 2015 results, showcasing strong performance from its fertilizers, foods and LNG businesses, slightly offset by performances of the petrochemical and the rice businesses. The Company continued to reflect strong shareholder return and announced a dividend of Rs. 4/share which is ...

Karachi: Engro Corporation Limited informed Karachi Stock Exchange about appointment of Mr. Khalid Siraj Subhani as Chief Executive Officer of the company with effect from May 12, 2015 in place of Mr. Aliuddin Ansari. Engro Corporation Limited is a publically listed company incorporated in Pakistan under the Companies Ordinance, 1984. The company is engaged in the business of managing investments in subsidiary companies and joint venture, engaged in chemical fertilizers, PVC resin manufacturing, food, energy, exploration, LNG and liquid chemical terminal and storage businesses. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The business ventures of the company started in 1957 from the search for oil by Pak Stanvac an Esso/Mobil joint venture which led to the discovery of the Mari Gas field near Daharki. Later, Esso proposed the establishment of a urea plant in that area which led to a fertilizer plant agreement signed in 1964. In the subsequent year, Esso Pakistan Fertilizer Company Limited was incorporated, with 75% of the shares owned by Esso and 25% by the general public. The subsidiary companies of the group are Engro Fertilizers Limited, Engro Foods Limited, Engro Polymers And Chemicals Limited, Engro Powergen Limited, Engro EXIMP Private Limited, Engro Vopak Terminal Limited and Elengy Terminal Pakistan Limited. The symbol “ENGRO” is being used by the stock exchange for the shares of Engro Corporation Limited.

Islamabad, April 29, 2015 (PPI-OT): The Board of Directors of Engro Corporation Limited today announced the financial results for the first quarter ended March 31, 2015. The company posted strong results with our subsidiaries truly reflecting the story of our growth. On a consolidated basis, Engro Corporation recorded an 8% increase in revenue up from ...

Islamabad, March 27, 2015 (PPI-OT): The LNG ship which stores and converts LNG to gas (FSRU) has reached Port Qasim with an initial cargo load of 148517 cubic metre of LNG. This will now permanently dock at the Engro Elengy Terminal at Port Qasim and together will provide Pakistan’s first state of the art LNG ...

Islamabad, February 18, 2015 (PPI-OT): Engro Corporation today announced its year end results showcasing a strong performance in key businesses. However, on a consolidated basis the stellar performance of fertilizer and commodity trading businesses were kept in check by a challenging business environment in its rice, polymer and foods businesses. Overall, Engro Corporation had another ...

Islamabad, February 17, 2015 (PPI-OT): Engro Powergen Limited (EPL) signed a joint venture agreement with China Machinery Engineering Corporation (CMEC) for development of 2 x 330 MW coal based power plant in Thar Block II. The joint venture company, Engro Powergen Thar Limited (EPTL) will enter into a coal supply agreement with Sindh Engro Coal ...