EPCL secures gas supply till 29th February 2024
In a notification sent to the PSX on 07/12/2023, Engro Polymer & Chemicals Limited (EPCL) has successfully reached an agreement with Sui Southern Gas Company for the supply of gas till 29th February 2024. Under the terms of this agreement, the Company will utilize the gas on a flexible “as and when” available basis, a strategic measure designed to ensure the seamless continuity of its operations.
On December 7, 2023, the shares of EPCL last closed at Rs. 49.5 per share. The current market cap of the company stands at Rs. 44bn.
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Comment (1)
I don’t think the gas supply is a big issue for them. The gas price is the big problem for EPCL.