JDW Sugar Mills joins consortium for FESCO privatisation bid

JDW Sugar Mills Limited (JDWS) has decided to join a consortium bidding for the privatisation of the Faisalabad Electric Supply Company (FESCO), according to a notice to the PSX dated August 20, 2026. Mettis Global reported that the company will do so by amending its statement of qualification in the FESCO process. The consortium is led by Pakgen Limited and also includes Nishat Mills, Nishat Power, Nishat Chunian Power, Kohinoor Energy and Pak Elektron.

No binding obligation has been assumed so far, and the deal still needs pre-qualification from the Privatisation Commission plus all corporate and regulatory approvals. The notice also names Deharki Sugar Mills and ATF Agri Sciences as members of the group. JDW Sugar Mills will inform the bourse of any significant progress.