Karachi March 6 2023: The Base plant of Engro Fertilizers Limited is undergoing an unplanned shut down from March 4, 2023, according to company filing to the Pakistan Stock Exchange.
Share price of the company drop 44 paisa or 0.5 percent to trade at PKR 87.15 per share (PST 12:10) with low volumes at Pakistan Stock Exchange.
The Company has commenced relevant analysis to understand the root cause and is undertaking appropriate measures to resume operations at the earliest, the filing adds.
Engro Fertilizers Limited is a public company incorporated in Pakistan on June 29, 2009 as a wholly owned subsidiary of Engro Corporation Limited (the Holding Company), which is a subsidiary of Dawood Hercules Corporation Limited (the Ultimate Parent Company). The Company is engaged in the manufacturing, purchasing and marketing of fertilizers, seeds and pesticides and providing logistics services.
