Linde’s Profits Devoured by Increased Costs and Reduced Sale

A private initiative has successfully established the country's first floating solar power plant in Chapainawabganj Sadar. The power plant, located within a factory's pond, aims to generate electricity while also supporting fish farming. The project, funded by Jools Power Limited, has connected the generated electricity to the national grid.

Lankan Alliance Finance Ltd has officially changed its name to Alliance Finance PLC, following the directive from the central bank. The move comes in response to the recent directive by the Bangladesh Bank, instructing non-bank financial institutions (NBFIs) to adopt the suffix "PLC" (Public Limited Company) instead of "Limited" in their company names.

Heidelberg Cement Bangladesh Limited has achieved remarkable financial results in Q1 of the current financial year 2022-2023. The company's net profit after tax soared by an impressive 39% compared to the previous year.

The IDCOL has financed Bangladesh's first large-scale grid-connected floating solar PV project, with a capacity of 784 kWp. The project utilizes artificial water bodies previously used for fish farming and aims to address land scarcity challenges while diversifying the energy mix and promoting decarbonization.

A new outlet of Agora was opened on June 1st at Sylhet Upashahar Level 1 (East), Syed Plaza, Plot-1, Block-D, Multiplan Shahjalal City, Shahjalal Housing State (Upashahar), Sylhet. The launching event was graced by the presence of Sylhet City Corporation Mayor Ariful Haque Choudhury as the chief guest, as stated in a press release.

Agro Organica PLC has received approval to raise Tk 5 crore by listing on the SME board and attracting stock market investors. The DSE-SME, a small-cap board created in April 2019, enables small and medium enterprises (SMEs) with paid-up capital between Tk 5 crore and Tk 30 crore to generate funds from the stock market. Agro Organica, an agricultural company, will issue 50 lakh shares valued at Tk 10 each for eligible investors. The Bangladesh Securities and Exchange Commission (BSEC) granted the company's listing in a recent commission meeting.