FFC shuts down Mirpur Mathelo plant III due to technical fault

MG News | July 04, 2022 at 10:43 AM GMT+05:00

0:00

July 4, 2022 (MLN): Fauji Fertilizer Company Limited (FFC) has informed that its Mirpur Mathelo plant III has been temporarily shut down due to a technical fault at 23:05 PST on July 03, 2022, the notice sent to PSX said on Monday.

Whereas, Topline Securities reported on Twitter that FFC’s Mirpur Mathelo plant III has been reportedly shut down due to an explosion amid gas leakage.

The plant has a capacity of 718k tons/annum representing 35% of the total capacity.

Further clarity is still awaited on this to quantify the impact on the company's earnings, it added.

Copyright Mettis Link News

Related News

UPFL posts around Rs6bn profit, dividend at Rs216

PSX Closing Bell: Can’t Stop the Slide

JS Bank profit slips 44% in FY2025

Name	Price/Vol	%Chg/NChg
KSE100	166,258.55 345.39M	-0.85% -1432.54
ALLSHR	99,756.66 682.04M	-0.84% -849.13
KSE30	50,917.87 169.66M	-0.80% -409.75
KMI30	232,771.76 122.66M	-0.63% -1483.82
KMIALLSHR	63,780.68 324.88M	-0.84% -537.69
BKTi	49,031.15 76.99M	-1.23% -610.02
OGTi	32,693.73 16.75M	-1.13% -372.59

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,185.00	67,760.00 64,325.00	-1640.00 -2.42%
BRENT CRUDE	71.88	71.96 70.69	0.12 0.17%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	-3.50 -3.52%
ROTTERDAM COAL MONTHLY	107.95	107.95 107.95	0.30 0.28%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	66.60	66.67 65.38	0.12 0.18%
SUGAR #11 WORLD	14.05	14.10 13.78	0.18 1.30%