Bashundhara Group sets up country’s biggest petrochemical plant

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Bashundhara sets up a petrochemical plant in Sitakunda, a mega-project financing first time in private sector, with an estimated cost of the project is Tk9,943.66cr.

A syndication meeting for raising fund of Tk7457.75 crore under syndication arrangements to set up a petrochemical complex plant (Polyolefin unit) of Bashundhara Oil & Gas Company Limited (BOGCL) at Banshbaria under Sitakunda Upazila in the district was held at hotel ‘Radisson Blu Chattogram Bay View’.

This is the mega-project financing for the first time in the private sector costing Tk9,943.66 crore.

Agrani Bank Limited is acting as lead arranger and agent bank in this syndication project financing.

Agrani Bank General Manager (Credit) Dr Md Abdullah Al Mamun, Deputy General Manager Engineer Md Shahjahan and other executives and technical personnel of the lead arranger were present on occasion.

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