The share price of the company crossed PKR 100Mn mark, making it a huge achievement for the company.
Pakistani fertilization companies have been on the rise recently with a huge installation of 3 million tons on an area of 500 hectares, in Sindh, located at the gates of the sprawling megalopolis of Sukkur Barrage with its 0.523 million inhabitants.
Engro Fertilizers plans to become a net fertilizer exporting company after commissioning the largest fertilizer plant Fatima Fertilizer Complex. This is the largest factory of its kind in Pakistan and will add to the existing production of tons of fertilizers. Fertilizers contain supplements to support plants and advance their turn of events. They can be of natural beginning (annoy excrement, slurry and so on) or of the mineral beginning: produced using nitrogen (N) in the air or minerals extricated from the dirt; like phosphorus (P) and potassium (K). By far most South Asian ranchers use “NPK” mineral manures, especially nitrogen-based.
The International Fertilizer Association (IFA), which unites the worldwide manure industry, appraises that 85% of the organizations in Pakistan need share costs. It’s a problem that Engro Fertilizers seem to be fixing rapidly for themselves. In just three years, the company’s shareholders’ value has increased significantly. Going from PKR 52 to PKR 101.01. Imran Ahmed, the CFO of Engro Fertilizers believes their journey of growth is not over yet and is optimistic for the company’s future.
The market is not doing quite well due to current political and economic issues in Pakistan. The cost of mineral fertilizers has kept on ascending, following the flood in petroleum gas. “Costs of area, a key nitrogen compost, have dramatically multiplied over the most recent year,” as per the FAO. Another issue the fertilization companies are facing is the lack of nitrogen because of the current situation in Ukraine. However, the people at Engro Fertilizers remain hopeful for the future.