BFAGRO achieves 80% completion of egg processing facility

March 03, 2026 (MLN): Barkat Frisian Agro Limited (PSX: BFAGRO) has confirmed that its IPO proceeds are being utilized in line with the objectives outlined in its Prospectus.

As of December 31, 2025, significant milestones have been achieved across all four key implementation areas Plant and Machinery, Civil Works and Land Development, Mechanical, Electrical and Plumbing (MEP) Works, and Project Support and Infrastructure.

The Pre-Engineered Building (PEB) structure for the egg processing facility, along with the installation of food-grade sandwich panels, has been fully completed.

The egg processing machinery has also been installed and is now in place. In addition, the machinery for the chiller, heater, and air compressor has been received.

Procurement of the refrigeration machinery is currently underway, with deliveries scheduled for Q3 of FY 2026. With the project now in its final stage of execution, management is confident that all remaining activities will be completed as planned.

Construction of the boundary wall and plant foundation has been completed. The project has achieved approximately 80% overall completion, with significant progress in civil works and land development during the quarter.

Major payments have been made toward civil structures and procurement of steel and cement, and ancillary facilities are progressing as scheduled. Management remains confident that the project will be completed in line with the timelines disclosed in the Prospectus.

Mechanical and electrical installation activities are currently in progress. Procurement planning for HT/LT electrical systems, transformers, and associated cabling has been initiated, and finalization of suppliers is underway.

Electrical equipment works, including cabling, lighting, firefighting systems, and other miscellaneous installations, have commenced with significant progress achieved.

MEP contracting activities along with related supplies have been initiated, and initial execution has started.

Networking, surveillance cameras, and security system installation is planned for the upcoming phase, with procurement expected to be undertaken as per the project schedule.

During the quarter, initial payments were made towards the solar power system, statutory approvals (NOCs, permits and certifications), and architect/MEP/HVACR consultancy services. Expenditure was also incurred on travelling and lodging for project coordination.

Remaining items, including furniture and fittings, lab equipment, and other related infrastructure requirements, are planned for execution during Q3 FY 2026.

Management remains confident of completing the project within the timelines disclosed in the Prospectus.

The egg processing facility has made significant progress, with the PEB structure and food-grade sandwich panels fully completed.

The egg processing machinery has been installed and is now operational, while civil works have reached approximately 80% overall completion as of December 31, 2025.

Mechanical, electrical, and plumbing (MEP) works, including electrical cabling, have commenced and are showing substantial progress.

The delivery of refrigeration machinery along with the remaining infrastructure items is scheduled for Q3 of FY 2026. Management has reaffirmed its confidence in completing the project within the timelines outlined in the Prospectus.

Copyright Mettis Link News