Tag Archives: Engro

Financial costs burdening Engro

In 1957, an Esso/Mobil joint venture discovered the Mari Gas field near Dharki, Sindh. Esso proposed the establishment of a urea plant in that area and in 1965, Esso Pakistan Fertiliser Company

NA seeks Engro, KESC agreement copies

The National Assembly Committee on Petroleum has sought from the Ministry of Petroleum copies of agreements with the fertiliser company, Engro and power utility company, Karachi Electric Supply Company (KESC) to determine

CEO Engro delivers talk

Engro Corporation Ltd. CEO Asad Umar delivered a talk on “Agenda for Private Sector Reform”, organised by The English Speaking Union of Pakistan at a local hotel. The function was presided by

Engro commissions $1.1b urea plant

Engro Fertilisers Limited has announced the commencement of commercial operations at its new fertilizer facility in Daharki. Engro’s new plant, set up at a cost of US $1.1 billion, is the largest

Engro’s stock price depreciating

Issues like gas curtailment and magnifying debt servicing are taking their toll on the stock price of Engro Corporation Limited (ENGRO). Because of this local and foreign investors are offloading their investment.

CCP issues show-cause notice to Engro Vopak Terminal Limited

ISLAMABAD – The Competition Commission of Pakistan (CCP), on Monday, issued a show-cause notice to Engro Vopak Terminal Limited (EVTL), for alleged imposition of unfair trading conditions.
A statement of CCP said that a formal complaint was lodged by Lotte Pakistan PPTA Limited (LP) against EVTL. In its complaint, LP alleged that EVTL was abusing its dominant position by charging an exorbitant price for its handling and storage facilities.
The CCP conducted a comprehensive

Engro permitted greater gas allocation for new plant

KARACHI – The federal government has allowed the Engro Corporation to fulfill much of the energy needs of its new urea plant from the provision of natural gas. According to industry sources, the federal government has given the green light to the emerging conglomerate to cater to up to 80 percent of its energy requirements through gas for its newly developed urea plant.
Market analysts opine that a green signal from the government would help Engro commence test production at its