Tag: PACRA

Lahore, September 06, 2022 (PPI-OT):Lucky Electric Power Company Limited (Lucky Electric or The Company) has set up a 1x660MW (gross) coal fired power plant. The project achieved COD in March-22 and is successfully connected to and providing electricity to the grid. The primary fuel is Coal; a coal supply agreement is signed with Sindh Engro Coal Mining Company (SECMC), SECMC will provide the coal from its developing Block-II (Phase III). The Company has also signed imported coal supply agreement with reputable coal suppliers. Currently, plant is generating electricity through imported coal. Comfort is drawn from the experience of O and M contractor – KEPCO. Going forward, the Company’s main focus would be to keep the plant operational. The Company has procured short term financing f...

Lahore, September 06, 2022 (PPI-OT):Lucky Electric Power Company Limited (Lucky Electric or The Company) has set up a 1x660MW (gross) coal fired power plant. The project achieved COD in March-22 and is successfully connected to and providing electricity to the grid. The primary fuel is Coal; a coal supply agreement is signed with Sindh Engro Coal Mining Company (SECMC), SECMC will provide the coal from its developing Block-II (Phase III). The Company has also signed imported coal supply agreement with reputable coal suppliers. Currently, plant is generating electricity through imported coal. Comfort is drawn from the experience of O and M contractor – KEPCO. Going forward, the Company’s main focus would be to keep the plant operational. The Company has procured short term financing f...

Lahore, July 18, 2022 (PPI-OT): Engro Polymer and Chemicals Limited (“EPCL” or “The Company”) ratings reflect an established foothold in the manufacturing of Poly Vinyl Chloride (PVC) resin, and Chlor Alkali products (Caustic Soda, Sodium Hypochlorite, and HCL). EPCL is the sole manufacturer of PVC resin in the domestic market. During 1HCY21, EPCL successfully completed its 100KTA PVC plant-3 project along with the 50KTA VCM plant debottlenecking project. The combined capacity of PVC plants now stands at 295KTA. During CY21 the Company claimed to dominate the local market share in PVC resin as compared to CY20. The Company’s topline grew by ~98% in CY21 owing to an increase in sales volume followed by higher PVC prices which translated into the highest ever profitability. It is anticipated...

Lahore, July 18, 2022 (PPI-OT): The ratings reflect Nimir Resins Limited’s (“NRL” or “The Company”) solid business profile. Established as a listed entity, a well-devised governance framework is in place along with a skilled and experienced management team and modern production facilities. The Company has primarily three production lines, catering to different industries of the economy. These are essential ingredients for textile, paper and packaging and paint industries. The client base reflects good names. Nimir Resin also furnish synergistic benefits and also other efficiency due to being owned and operated by the Nimir group. Demand drivers of these industries are closely linked with economic growth and construction / infrastructure developments. Overall construction industry registere...

Lahore, July 18, 2022 (PPI-OT): The ratings reflect that Nimir Industrial Chemicals Limited (hereinafter referred to as ‘ NICL or ‘ the Company’) demonstrated consistent growth and a strong position in the domestic oleo chemicals and chlor alkali products manufacturing industry. Under the Caustic soda market there exist competition to which it stands buoyant. The Company enjoys a strong customer base (includes multinational FMCGs), stable margins, and generated persistent profitability. NICL product portfolio is well-diversified and mainly concentrated in Oleochemicals followed by Chlor-Alkali and Aerosols. The Company has followed a vertical integrated down-the-chain strategy and for that purpose, they have 3rd party manufacturing to provide a one-window solution to their customers. The C...

Lahore, July 18, 2022 (PPI-OT): Engro Polymer and Chemicals Limited (“EPCL” or “The Company”) ratings reflect an established foothold in the manufacturing of Poly Vinyl Chloride (PVC) resin, and Chlor Alkali products (Caustic Soda, Sodium Hypochlorite, and Hydrochloric Acid). EPCL is the sole manufacturer of PVC resin in domestic market. During 1HCY21, EPCL successfully completed its 100KTA PVC plant-3 project along with the 50KTA VCM plant debottlenecking project. The combined capacity of PVC plants now stands at 295KTA. These expansion projects enabled EPCL to fully serve domestic demand, support import substitution, and increase export sales footprint by surplus capacity. During CY21 the Company claimed to dominate the local market share in PVC resin as compared to CY20 mainly on accoun...