The Hub Power Co Ltd - Company Profile
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The Hub Power Co Ltd (HUBCO), a subsidiary of Mari Petroleum Co Ltd is an independent power producer. It generates electricity and transports that energy to the national grids. The company produces electricity from oil, coal, and hydro sources. HUBCO owns and operates oil-fired power stations such as Hub Power Station and Narowal Power Plant in Pakistan and New Bong Escape Hydro Power Plant (NBEHPP) in Azad Jammu & Kashmir. The company supplies power to the Water and Power Development Authority and National Transmission & Despatch Company Limited (NTDC). HUBCO is headquartered in Karachi, Sindh, Pakistan.
Headquarters
Pakistan
Address
3f, Islamic Chamber Of Commerce Building, St-2/A, Block-9, Clifton, P.O. Box No. 13841, Karachi, 75600
Website
www.hubpower.com
Telephone
92 21 35874677
No of Employees
809
Industry
Power
Ticker Symbol & Exchange
HUBC (PSX)
Revenue (2023)
$560.2M
17.6%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
102.1%
(2023 vs 2022)
Market Cap*
$605.9M
Net Profit Margin (2023)
XYZ
71.9%
(2023 vs 2022)
* As of and is in US$
The Hub Power Co Ltd premium industry data and analytics
Products and Services
| Products |
|---|
| Products |
| Electricity |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In February, the company signed an agreement to acquire an additional 9.5% stake in Sindh Engro Coal Mining Company Limited. |
| 2022 | Contracts/Agreements | In November, the company's joint-venture firm entered into an agreement with four Eni-related entities to acquire Pakistan business of Eni. |
| 2022 | Contracts/Agreements | In August, the company’s joint venture project inaugurated the 330 MW HUBCO power plant added 990 MW coal-fired power to the national grid to empower Pakistan with cheapest and indigenous source of energy. |
Competitor Comparison
| Key Parameters | The Hub Power Co Ltd | Kot Addu Power Co Ltd | Nishat Power Ltd | Multan Electric Power Co Ltd | Rousch (Pakistan) Power Limited |
|---|---|---|---|---|---|
| Headquarters | Pakistan | Pakistan | Pakistan | Pakistan | Pakistan |
| City | Karachi | Lahore | Lahore | Multan | - |
| No. of Employees | 809 | 449 | 214 | - | - |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Kamran Kamal | Director; Chief Executive Officer | Executive Board | 2021 | - |
| Muhammad Saqib | Chief Financial Officer | Senior Management | - | - |
| M. Habibullah Khan | Chairman | Executive Board | - | - |
| Saleemullah Memon | Chief Executive Officer - ThalNova; Chief Executive Officer - Thar Energy Ltd | Senior Management | - | - |
| Faiza Kapadia Raffay | Head - Legal; Secretary | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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