Engro Fertilizers

UgAi app enables Engro Fertilizers to deliver products directly from its warehouses to farmers

Development likely to attract further foreign inflows in country’s stock market

Declares Rs2.5 per share as interim dividend

Now seeks committee’s approval to regularise the unauthorised supply

The company’s share price rose 0.75% to close at Rs68.6

Rs50 to be borne by manufacturers, remaining to come from govt and reduction in GST

Company's shareholding in its fertiliser-manufacturing subsidiary has been reduced to 56.6% following the transaction

Lower gas price, decline in financial cost main reasons behind rise in earnings

Board of directors suggests three names, petroleum minister conducts interviews

Acquisition of Eximp, availability of cheap gas aid revenues