Pakistan Refinery Limited (PSX: PRL) has received bids for the Engineering, Procurement, Construction, and Finance (EPCF) component of its Refinery Expansion and Upgrade Project (REUP), the company informed the Pakistan Stock Exchange (PSX) on Monday.
According to the filing, PRL is currently evaluating the submitted bids and will issue further updates as required.
“Pakistan Refinery Limited (PRL) has received Engineering, Procurement, Construction & Finance (EPCF) bids for its Refinery Expansion & Upgrade Project (REUP). PRL is in the process of evaluating these EPCF bids and will provide further updates in due course as necessary,” the filing stated.
The REUP is a key initiative aimed at modernising the refinery’s operations and increasing output efficiency.
Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.
Advocates High Court & Tax Counsel
Jurisdiction: Pakistan