A contract worth Tk82.67 crore was awarded to dredge the Old Brahmaputra River, with a joint venture holding a 51% stake. Mir Akhter Hossain Limited, part of the venture, disclosed the news, causing a 1.94% rise in its shares to Tk36.70 at the DSE. The project spans 32 months. Mir Akhter has 33 projects worth Tk9,268 crore in hand, including the Dhaka-Sylhet national highway and the Paira River bridge. The construction sector benefits from increased government capital allocation. An extraordinary general meeting is scheduled on June 25 to seek approval for issuing a Tk300 crore bond. Revenue fell by 14% to Tk166.87 crore in July-March 2023-24, while net profit rose by 20% to Tk18 crore compared to the previous year.
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