Paramount Textile to form new consortium
FE Report | Friday, 5 January 2018
Paramount Textile Limited (PTL) has decided to form a new consortium.
"The new consortium consisting of Paramount Textile and Acron Infrastructure Services will establish a 200 mw HSD-fired engine -based power plant on Build, Own and Operate (BOO) basis upon getting permission from the authority concerned at Baghabari in Sirajgonj under Bangladesh Power Development Board (BPDB)," said a disclosure posted on the Dhaka bourse's website on Thursday.
Earlier on May 31, 2017, the company formed a consortium -named Paramount-Aggretech Energy Consortium with Paramount Spinning, Paramount Holdings and Aggretech AG Germany.
According to the latest disclosure, the Paramount Textile will act as the lead member and contribute about 50 per cent of the paid-up share capital in the total equity of the consortium among the members of the consortium.
The remaining 50 per cent will be contributed by Acron infrastructure Services as the operating member.
Each share of the company, which was listed on the Dhaka bourse in 2013, closed at Tk 45.80 on Thursday at Dhaka Stock Exchange (DSE), registering an increase of 1.55 per cent over the previous day.
The company's paid-up capital is Tk 1.29 billion and authorised capital is Tk 2.0 billion while total number of securities is 129.05 million, according to statistics from the DSE.
The sponsor-directors own 60.75 per cent stake in the company while institutional investors own 9.67 per cent, and the general public 29.58 per cent as on November 30, 2017.
The company has reported earnings per share (EPS) of Tk 0.42 for July-September, 2017 as against Tk 0.41 for the same period a year ago.
The company disbursed 5.0 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2017. In 2016, the company paid 10 per cent cash and 7.0 per cent stock dividend.