EFERT can produce urea up to 950,000 tons per annum

By MG News | December 29, 2022 at 09:20 AM GMT+05:00

0:00

December 29, 2022 (MLN): Engro Fertilizers Limited (EFERT) disclosed that after testing Base Plant performance and based on assessment, the company is now capable of producing urea up to 950,000 tons per annum, a notice issued to PSX on Thursday showed.

The company has undertaken various maintenance, debottlenecking, balancing, modernization, and replacement activities to ensure long-term reliability and sustainable safe operations of the Base Plant.

To note, on 27th Sep’22 EFERT commenced maintenance activity of Base Plant (Plant-1) and resumed commercial operations on November 27, 2022 after the successful completion of the maintenance activity undertaken for the long-term reliability and sustainable operations of the plant.

EFERT is engaged in the manufacturing, purchasing and marketing of fertilizers, seeds and pesticides and providing logistics services.

At the time of writing, the scrip of the company is being traded at Rs75.25, which is up by Rs0.34 or 0.45% DoD.

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