Restructuring of Engro and Dawood to take effect from Jan 1, 2025

    By NewzTodays Editorial Team | August 23, 2024

    Staff Report: Regarding the restructuring of Engro Corp (ENGRO) and Dawood Hercules (DAWH), management stated that progress is in line with the timeline and will be effective from January 1, 2025. The divestment of thermal assets is in progress and subject to approval from the lenders. The company expects the deal to be finalized within…

    FrieslandCampina Engro Pakistan Limited announces Financial Results for The Half Year Ended, June 2024

    By NewzTodays Editorial Team | August 16, 2024

    August 16th, 2024: FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for the first half of the year, concluding on 30th June, 2024. Despite a challenging economic environment, the Company achieved 17% growth (revenue of PKR 55.0 billion, compared to PKR 47.0 billion in the same period last year) fueled by a favorable portfolio…

    CCP Approves Majority Stake Acquisition of Engro Powergen Qadirpur

    By NewzTodays Editorial Team | July 29, 2024

    ISLAMABAD, Monday 29 July 2024: The Competition Commission of Pakistan (CCP) has approved a merger involving a significant reshuffling of power generation assets. This transaction entails a consortium, mainly comprising textile companies, acquiring a 68.89% stake in Engro Powergen Qadirpur Limited (EPQL), a subsidiary of Engro Energy Limited. EPQL operates a 217 MW permeate gas-based…

    Engro Pvc resin price in Pakistan to go up further

    By NewzTodays Editorial Team | October 4, 2020

    Aftab Ahmed Islamabad: Engro Pvc resin price in Pakistan are likely to go up as the upward trend in prices continues in the international market. The Engro polymer and chemicals limited revises price of polyvinyl chloride (PVC) resin in Pakistan following fluctuation in global prices. The prices of PVC went up to US$ 55 per…