FFBL authorized to generate, supply 60Hz electricity to a third party

News Image

MG News | April 16, 2021 at 01:31 PM GMT+05:00

0:00

April 16, 2021 (MLN): The Board of Directors of Fauji Fertilizer Bin Qasim Limited (FFBL) has authorized the company to generate, supply electric power (@60 Hz) to a third party and to enter into negotiations to finalize and enter into a lease deed to sublease a portion of surplus land, located in the eastern zone of Port Qasim.

According to a notice sent to PSX, this authorization is subject to obtaining requisite licenses, approvals and consents, as may be required for mutually beneficial arrangements.

The BoD also approved and authorized FFBL to execute and sign the non-binding Letter of Intent (LOI) received from Fauji Fertilizer Company Limited (FFC) in respect of the proposed acquisition of FFBL's shares in Foundation Wind Energy — I Limited and Foundation Wind Energy — II Limited (the Wind Companies).

The LOI is subject to execution of definitive agreements, completion of procedural formalities and the parties obtaining the requisite corporate, regulatory and lender approvals (as applicable).

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 148,617.78
624.60M
0.86%
1274.27
ALLSHR 91,685.08
1,340.28M
0.74%
669.39
KSE30 45,247.79
197.43M
0.83%
370.74
KMI30 212,370.79
224.51M
1.05%
2209.48
KMIALLSHR 61,227.89
711.87M
1.18%
715.56
BKTi 41,264.02
160.39M
0.54%
221.73
OGTi 30,019.10
23.63M
0.64%
190.41
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,265.00 113,390.00
108,020.00
-4475.00
-3.97%
BRENT CRUDE 67.46 67.94
67.29
-0.52
-0.76%
RICHARDS BAY COAL MONTHLY 88.70 88.70
88.70
-0.75
-0.84%
ROTTERDAM COAL MONTHLY 96.15 96.75
96.00
-0.40
-0.41%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 64.01 64.55
63.88
-0.59
-0.91%
SUGAR #11 WORLD 16.34 16.52
16.33
-0.14
-0.85%

Chart of the Day


Latest News
August 30, 2025 at 04:28 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


August 29, 2025 at 06:04 PM GMT+05:00

SCRA inflows offset Rs8.5bn net selling


August 29, 2025 at 05:46 PM GMT+05:00

SECP cuts bonus, right issue timelines



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg