Naz Auto Bricks Limited has mandated IDLC Finance Limited to raise a syndication fund of BDT 400 million to establish an energy efficient tunnel kiln brick project in Rangpur.
The project will be able to produce 3 crore (30 million) bricks per year equivalent to six fixed chimney kiln.
"State-of-the art tunnel kiln technology ensures energy efficient process and almost zero emission of hazardous gases," a statement of IDLC said Tuesday.
Government of Bangladesh as well as different foreign agencies such as World Bank and Asian Development Bank (ADB) are encouraging establishment of modern brick kiln technology and closure of traditional labour intensive and contaminated technology.
Soft credit line is also available from Bangladesh Bank as refinancing facility to implement such project.
Dr. Mizanur Rahman, Managing Director of Naz Auto Bricks Limited and Selim R.F. Hussain, CEO & Managing Director of IDLC Finance Limited formalized the signing in an agreement signing ceremony.
Senior officials of both the business organisations were also present during the signing ceremony.
IDLC Finance to arrange Tk 400m syndicated loan
FE Desk Report | Published: February 18, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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