Engro’s tower sharing deal shows Pakistan is open for business: Samad Dawood
Last week, Engro Corporation announced a strategic partnership with Pakistan Mobile Communications Limited (“Jazz”) and its parent company VEON Group, to expand Engro’s footprint in the mobile tower-sharing business. Vice Chairman of Dawood Hercules Corporation Samad Dawood acknowledged the government’s efforts on the economic front, and said that Pakistan has successfully achieved macroeconomic stability and…
Editor
Engro revenues show robust growth of 35% in 2023
Engro Corporation experienced robust growth in revenue in 2023, with a remarkable 35% increase, reaching Rs. 482 billion on a consolidated basis.
Adil Aziz
PSX announces recipients of the top 25 companies awards 2022
In an exciting development for the capital markets and the economy as a whole, the Pakistan Stock Exchange announced the much-awaited list of the Top 25 Companies Awards recipients for the year 2022. These are the most prestigious and coveted awards in the corporate sector and were initiated by the Exchange in 1978, according to…
Engro posts 14% increase in revenue generation
Engro Corporation Limited (PSX: ENGRO) said its ‘standalone revenue’ had increased from Rs 21 billion to Rs 24 billion in 2022 as compared to the last year, exhibiting a healthy growth of 14 percent. “Higher revenue was achieved primarily due to higher dividends received from Engro Polymer & Chemicals Limited (EPCL), Engro Fertilizers Limited (EFERT),…
EETL saves Pakistan’s $3 Billion by handling 450 LNG cargoes substituting Furnace Oil import
Engro Elengy Terminal (Private) Limited (EETL) said it had successfully handled over 450 ship-to-ship [LNG] transfers since 2015, enabling Pakistan to save more than $3 billion through import substitution of the Furnace Oil. “In 2015, Engro developed the first-ever LNG terminal facility of Pakistan, built in a record 335 days. The terminal currently handles 68%…
Engro Corporation Digitally Transforms Its Procurement
Engro Corporation, Pakistan’s premier conglomerate, has adopted the SAP Ariba Strategic Sourcing suite to enhance efficiencies and transparency across all business units. Integration Xperts partnered with Bloom IT to deliver the Engro Strategic Sourcing integration with S/4HANA, aligned with the vision of Intelligent Spend Management Networks (ISBN) to improve business efficiencies and accelerate the pace…
Engro Fertilizers releases first-ever sustainability report
Engro Fertilizers, Pakistan’s premier seed-to-harvest solutions provider, has released its first-ever Sustainability Report to highlight the Company’s progress toward environmental stewardship, social responsibility, and governance (ESG) goals. The comprehensive sustainability report is based on Global Reporting Initiative (GRI) Standards and has been externally validated by an independent certification agency. The report details how the core…