Engro Fertilizers
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 Engro Fertilizers' headquarters, located in the Harbour Front Building (left tower) of Dolmen City. | |
| Type | Public |
|---|---|
| PSX: EFERT KSE 100 component KSE 30 component | |
| Industry | Fertilizer |
| Founded | 2010 |
| Headquarters | Karachi-75600, Pakistan |
Key people | Ali Rathore (CEO) |
| Products | Zarkhez, Zingro, Zorawar, Zoron |
| Revenue |  Rs. 186.71 billion (US$670 million) (2024) |
 Rs. 40.94 billion (US$150 million) (2024) | |
| Rs. 30.21 billion (US$110 million) (2024) | |
| Total assets | Rs. 162.92 billion (US$580 million) (2024) |
| Total equity | Rs. 46.53 billion (US$170 million) (2024) |
| Owner |
|
Number of employees | 3,031 (2024) |
| Website | engrofertilizers |
| Footnotes Financials as of 31 December 2024[update] [1] | |
Engro Fertilizers (Urdu pronunciation: [ɛn.ˈɡɾoː ˈfɝː.tɪ.laɪ.zɚrz] en-GROW-FER-ti-LY-zurz) is a Pakistani fertiliser manufacturing company headquartered in Karachi with its manufacturing facility located at Daharki, and a facility located at Port Qasim as well.[2] It is a subsidiary of Engro Corporation.[3] It has 35% market share of the Pakistani fertilizer market as of 2023.[4]
History
[edit]Engro Fertilizers was demerged from the parent company Engro Corporation in 2010.[3][5]
In June 2011, Engro commissioned the EnVen plant at a cost of $1.1 billion.[6][7] It was built under the 2001 Fertilizer Policy of Pakistan in which the Government of Pakistan guaranteed gas supply at a reduced rate for ten years.[7][8] The contract was signed with Sui Northern Gas Pipelines Limited, which defaulted on their contract and in 2013 Engro claimed Rs. 34 billion in damages.[9]
In December 2013, Engro was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of Rs. 28.25.[10][11][12]
In February 2015, Engro Fertilizers acquired Engro Eximp Private Limited from Engro Corporation.[13][8] Engro Eximp imports diammonium phosphate (DAP) fertilizer in Pakistan.[8]
In June 2016, Engro Corporation sold 28 percent of its stake in Engro Fertilizers to private investors for $185 million.[14][15]
Production
[edit]Pakven 600
[edit]Pakven 600 was commissioned in September 1993, which increased Engro's urea production capacity from 268,000 tons to 600,000 tons per annum.[16] It was an imported second-hand plant which was installed at a cost of $130 million.[16] In July 1995, Engro further increased its capacity by 150,000 tons per annum at a cost of $23 million.[16]
The plant has outlived its useful life.[17] In 2021, Engro increased its capacity from 500,000 tons to 780,000 tons per annum and a year later further expanded it to 950,000 tons per annum.[17]
EnVen
[edit]The EnVen plant is located in Daharki.[17] The construction of the plant began in 2007.[17] It was commissioned in 2011 at a cost of $1.1 billion.[18] It was built under the provisions of the 2001 fertilizer policy in which the Government of Pakistan gave a guarantee of subsidized gas for a period of ten years.[8][14] The plant has a designed annual production capacity of 1.3 million tons of urea fertilizer.[19]
NPK Plant
[edit]Zarkhez NPK plant is located at Port Bin Qasim, Karachi.[17] It was commissioned in 2000 and had an annual production capacity of 100,000 metric tons.[17][20] The plant has since been debottlenecked and production capacity increased to 145,000 metric tons.[21]
References
[edit]- ↑ "Engro Fertilizers Annual Report 2024" (PDF). engrofertilizers.com. Retrieved 12 September 2025.
- ↑ Seyyed, Fazal Jawad; Ashfaq, Hafsa (6 December 2019). "Engro Fertilizers Limited: Cost of Capital and Valuation". Asian Case Research Journal. 23 (2): 313–330. doi:10.1142/S0218927519500123 – via worldscientific.com (Atypon).
- 1 2 Hussain, Dilawar (15 May 2017). "Fertiliser industry faces up to tough times". Dawn. Pakistan. Retrieved 18 June 2021.
- ↑ "Engro Fertilizers Annual Report 2023" (PDF).
- ↑ Mariam Ali Baig (July–August 2018). "Pressing reset on agricultural productivity". Dawn. Pakistan. Retrieved 17 June 2021.
- ↑ "Engro EnVen urea plant announces COD". Brecorder. 25 June 2011.
- 1 2 "Blue-chip woes: Was Enven a strategic mistake?". The Express Tribune. 27 June 2011.
- 1 2 3 4 Hussain, Dilawar (30 March 2015). "Change in Enven's fortunes". DAWN.COM.
- ↑ "Absence of gas: Engro claims Rs34 billion in damages from public utility". The Express Tribune. 18 January 2013.
- ↑ "Engro Fertilizers conducts first phase of IPO successfully". The Express Tribune. 21 November 2013. Retrieved 7 November 2021.
- ↑ "Public subscription: IPO of Engro Fertilizers entering final phase". The Express Tribune. 3 December 2013. Retrieved 7 November 2021.
- ↑ Hussain, Dilawar (15 December 2013). "Engro Fertiliser IPO at Rs28.25 per share". Dawn. Pakistan. Retrieved 7 November 2021.
- ↑ "Acquisition: Engro Fertilizers to buy commodity trading business for Rs4.4b". The Express Tribune. 18 February 2015.
- 1 2 Tirmizi, Farooq (26 December 2016). "Return of the Billion-Dollar Gamble". Profit by Pakistan Today.
- ↑ Tirmizi, Farooq (17 December 2018). "Engro's Rs60 billion question". Profit by Pakistan Today.
- 1 2 3 "Corporate finance in Pakistan: Case studies from an emerging market". [Karachi]: Oxford University Press: Lahore University of Management Sciences. 13 May 1999 – via Internet Archive.
- 1 2 3 4 5 6 Khan, Muhammad Raafay (29 December 2022). "Engro Fertilizers increases base plant urea capacity to 950,000 tons". Profit by Pakistan Today.
- ↑ "World's largest urea plant comes online". The Express Tribune. 24 June 2011.
- ↑ Hussain, Dilawar (17 August 2015). "Engro Fertiliser: Acquisition improves earnings". DAWN.COM.
- ↑ "50 years of accomplishment-Engro turns 50 – Business Recorder".
- ↑ "Engro Fertilizers Annual Report 2023" (PDF).