IDCOL hands over Tk 500m to govt from net profit

The state-owned financial institution Infrastructure Development Company (IDCOL) has paid a substantial dividend of Tk. 500 million (50 crore) to the government on Wednesday from its profits in the fiscal year 2024, says a press release.
The dividend cheque was formally handed over to Finance Advisor Dr. Salehuddin Ahmed at the Ministry of Finance by key figures from IDCOL,
Md. Shahriar Kader Siddiky, Secretary of the Economic Relations Department (ERD) and Chairman of IDCOL, along with Dr. Md Khairuzzaman Mozumder, Director at IDCOL and Secretary of the Finance Division in the Ministry of Finance, were pivotal in handing over this significant dividend.
Dr. Salehuddin Ahmed, the Finance Advisor, expressed admiration for IDCOL's role as a trailblazer in financing renewable energy, infrastructure, and energy efficiency projects in Bangladesh. He highlighted IDCOL as a driving force for inclusive and sustainable financing practices.
The event was attended by distinguished individuals including Alamgir Morshed, Executive Director and CEO of IDCOL, S. M. Monirul Islam, Deputy CEO & CFO, Nazmul Haque, Chief Investment Officer, Md. Enamul Karim Pavel, Head of Renewable Energy, M. Maftun Ahmed, Company Secretary, and Nazmul Haque Faisal, EVP, Corporate Affairs all representing IDCOL.