Engro Energy sells 18.53% stake in Engro Powergen Qadirpur, maintains control

Engro Energy Limited (EEL), wholly-owned subsidiary of Engro Holdings Limited (ENGROH), said on Tuesday that it had sold about 18.53% of its shares in Engro Powergen Qadirpur Limited (EPQL) for Rs1.5 billion.

ENGROH shared the development in a notice to the Pakistan Stock Exchange (PSX) today.

The transaction reduces EEL’s stake in EPQL from 68.89% to 50.36%, allowing the company to retain majority ownership.

“Following this, Engro Holdings through its wholly-owned subsidiary EEL will retain ~50.36% equity ownership and maintain management control of EPQL,” the notice read.

As per the notice, the sale was executed on February 16, 2026, at a rate of Rs25 per share, involving a total of 60 million shares, which cumulatively amounts to Rs1.5 billion.

Engro Powergen Qadirpur Limited: performance and outlook

EPQL is an independent power producer with a 217-megawatt (MW) combined cycle power plant near Qadirpur, District Ghotki. It was incorporated in 2006 and is headquartered in Karachi.

The plant is a combined cycle plant, with a 1+1+1 configuration including one gas turbine, one heat recovery system generator (HRSG), and one steam turbine. It uses permeate gas as its primary fuel source and high-speed diesel (HSD) as backup fuel to produce electricity.

EPQL achieved commercial operation in March 2010 and was listed on the Karachi Stock Exchange in October 2014.