PACRA Maintains Entity Ratings of Energy Infrastructure Holding (Private) Limited

Energy Infrastructure Holding (Private) Limited (EIHPL) operates as an investment holding company of Jahangir Siddiqui & Co. Limited (JSCL), with a diversified portfolio spanning energy infrastructure, insurance, sugar, and other selected sectors. The Company holds a controlling stake in JS Petroleum Limited, providing strategic exposure to the LPG storage segment, while the remainder of the portfolio comprises both strategic and marketable investments, balancing long-term positioning with liquidity. EIHPL adheres to a prudent and well-defined investment policy that governs asset allocation, risk appetite, and sectoral exposure in line with its long-term financial objectives. Investment origination, evaluation, and ongoing monitoring benefit from the governance framework and strategic oversight of JSCL, supporting disciplined portfolio management. The Company’s earnings are primarily derived from dividend income generated across its investment portfolio, which constituted ~76% of total investment income during 9MCY25, supplemented by capital gains and other investment-related income. From a credit perspective, EIHPL’s financial risk profile is assessed as strong, supported by minimal leverage, sound earnings coverage, and a strong capital structure that is predominantly equity-funded. Liquidity is considered adequate, underpinned by the presence of marketable securities and low refinancing requirements. Furthermore, EIHPL’s wholly owned status and strong linkage with JSCL enhance financial flexibility through implicit parental support, which remains a key factor underpinning the Company’s overall credit profile.
The ratings are dependent on continued support from the parent company. Realization of the envisioned investment plans and formalization of a strong and effective mechanism for monitoring performance and providing holistic direction as a holding company is critical for the ratings. The strong performance of portfolio companies and stable dividends remain important.

About the Entity
Energy Infrastructure Holding (Private) Limited is a wholly owned subsidiary of Jahangir Siddiqui & Co. Limited. The Company was incorporated in 2008 as a private limited company under the Companies Ordinance, 1984 (now the Companies Act, 2017). Its principal activities include investments in energy, petroleum, and infrastructure projects. The Company is led by Ms. NoorUlain, Chief Executive Officer, and Mr. Waleed Bhatti, Chief Financial Officer, and is supported by a team of experienced professionals.