Karachi, Engro Powergen Qadirpur Limited informed Pakistan Stock Exchange that the resolution passed in annual general meeting of the company held on March 29, 2023 at Karachi.
“Resolved that the Annual Audited Accounts of the company for the year ended December 31, 2022 together with the Reports of the Independent Auditors, Chairman and Director’s review reports thereon be and are hereby approved and adopted.”
Engro Powergen Qadirpur Limited is a public listed company, incorporated in Pakistan. The Company is a subsidiary of Engro Energy Limited, which is a wholly owned subsidiary of Engro Corporation Limited. Engro Corporation Limited is a subsidiary of Dawood Hercules Corporation Limited (the Ultimate Parent Company).
The Company was established with the primary objective to undertake the business of power generation and sale. Engro Energy Limited owns and operates Engro Powergen Qadirpur Limited, a 217 MW combined cycle power plant and the first green facility in Pakistan to utilize permeate gas for reduced carbon emissions. Under this project, a gas turbine of 127 MW (GE) and a steam turbine of 100 MW (GE) have been installed.
The total numbers of shares are 323,800,000. The Earnings per share is 6.42 in 2020 which was 10.51 in 2019. The Profit after Taxation is 2,109,320,000 in 2020 which was 3,402,682,000 in 2019.