Four parties participated in the pre-bid meeting held on Wednesday under the chairmanship of Shaikh Ikramullah, Secretary Privatisation Commission for the sale of minimum of 90 percent shares of Hazara Phosphate Fertilisers Ltd (HPFL).
The pre-bid meeting discussed the process of the Privatisation of HPFL and responded to the queries of the prospective bidders. The Privatisation Commission had received nine Expressions of Interest (EoI) from prospective investors (fertilisers companies, industrial companies and groups, investors/consortium of investors for the sale of minimum of 90 percent shares of Hazara Phosphate Fertilisers Ltd (HPFL), owned by National Fertilisers Corporation of Pakistan (NFC), located at Haripur (NWFP) 75 km from Islamabad while only eight parties were pre-qualified for the transaction.
The factory is situated on 57 acres on developed land and includes factory, housing and other amenities. The parties, which participated in the pre-bid meeting include Al-Tuwairqi Group of companies, Karachi; Chanar Sugar Mills Limited, Lahore; Regal Food Products Ltd UK facilitators: TN Associates, Islamabad and WARBLE (Pvt) Limited (Allahdin Group of Companies), Lahore.
HPFL produces 90,000 metric tons per annum of Granular Single Super Phosphate (GSSP) and 30,000 metric tons per annum of Sulphuric Acid required for the production of GSSP. The plant was rehabilitated and re-commissioned in April 1999.-PR