PTBP Web Desk
Engro Energy stake sale made headlines on Tuesday as Engro Energy Limited (EEL), a wholly-owned subsidiary of Engro Holdings Limited (ENGROH), announced the sale of approximately 18.53% of its shares in Engro Powergen Qadirpur Limited (EPQL) for Rs1.5 billion.
The development was shared by Engro Holdings in a notice submitted to the Pakistan Stock Exchange (PSX). Despite the partial divestment, the company has retained majority ownership and management control of EPQL.
Details of the Engro Energy Stake Sale
According to the official notice, the transaction was executed on February 16, 2026. A total of 60 million shares were sold at a price of Rs25 per share, resulting in a cumulative transaction value of Rs1.5 billion.
Following the sale, Engro Energy’s shareholding in Engro Powergen Qadirpur Limited has decreased from 68.89% to approximately 50.36%. However, the company will continue to hold majority equity and maintain management control of the power producer.
“Following this, Engro Holdings through its wholly-owned subsidiary EEL will retain ~50.36% equity ownership and maintain management control of EPQL,” the notice stated.
For more information about stock exchange disclosures, readers can visit the official website of the Pakistan Stock Exchange
(external link). You can also explore our internal coverage on Pakistan’s corporate sector developments and energy market trends (internal link).
About Engro Powergen Qadirpur Limited (EPQL)
Engro Powergen Qadirpur Limited is an independent power producer operating a 217-megawatt (MW) combined cycle power plant located near Qadirpur in District Ghotki, Sindh. The company was incorporated in 2006 and is headquartered in Karachi.
The power plant operates under a 1+1+1 combined cycle configuration. This includes one gas turbine, one heat recovery steam generator (HRSG), and one steam turbine. The facility primarily uses permeate gas as fuel, while high-speed diesel (HSD) serves as a backup option.
EPQL achieved its commercial operations date (COD) in March 2010. Later, in October 2014, the company was listed on the Karachi Stock Exchange, now part of the Pakistan Stock Exchange.
Strategic Implications
The Engro Energy stake sale appears to be a strategic move aimed at optimizing the company’s investment portfolio while maintaining operational control. By retaining over 50% ownership, Engro Holdings ensures continued influence over EPQL’s management and strategic decisions.
Moreover, the transaction strengthens Engro’s liquidity position while allowing it to remain a key player in Pakistan’s energy sector.
In conclusion, the partial divestment highlights Engro’s ongoing efforts to streamline investments without relinquishing control of critical assets in the power generation segment.
