⚡ Flash Summary
Fauji Fertilizer Company (FFC) announced that lenders of Thar Energy Limited (TEL) have declared the ‘Project Completion Date’ of its 330MW power plant on October 31, 2025. TEL, in which FFC holds a 30% share, is a mine mouth coal-fired IPP operating in Thar and achieved Commercial Operations Date on October 1, 2022. The project is recognized as a priority under the China Pakistan Economic Corridor, and its completion will enable TEL to pay dividends to shareholders, subject to distributable profits and procedural approvals. This milestone underscores FFC’s commitment to shareholder value.
📌 Key Takeaways
- ✅ Project Completion Date declared for TEL’s 330MW power plant on October 31, 2025.
- 🏭 TEL is a mine mouth coal-fired IPP operating in Thar.
- 🗓️ Commercial Operations Date achieved on October 1, 2022.
- 🤝 FFC holds a 30% equity stake in Thar Energy Limited.
- 🇨🇳 Project recognized under the China Pakistan Economic Corridor.
- 💰 TEL’s completion allows dividend payments to shareholders, contingent on profits and approvals.
- 🛡️ FFC’s commitment to shareholder interests reinforced by the achievement.
- 📅 Announcement date: November 3, 2025.
- 🏢 Communicated to Pakistan Stock Exchange Limited.
- 📜 Compliance with Sections 96 and 131 of the Securities Act, 2015.
- 💼 Company Secretary: Brig Khurram Shahzada (Retd).
- 📍 Registered Address: 156 The Mall Rawalpindi.
- 🌐 Company Website: www.ffc.com.pk.
🎯 Investment Thesis
HOLD. The announcement of TEL’s project completion is positive, but it’s priced into the stock. The dividend payouts, the timing, and the amounts are not certain. A price target cannot be accurately assigned at this time. More financial clarity is needed to make a BUY recommendation. Time horizon is medium-term, pending tangible dividend income from TEL.
Disclaimer: AI-generated analysis. Not financial advice.