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Zaheen Spinning develops power capacity

FE Report | November 28, 2017 00:00:00

Zaheen Spinning has installed an electric substation having capacity of 1,000KW/1MW to run their company's operation without interruption.

According to a disclosure published on DSE (Dhaka Stock Exchange) website, the Zaheen Spinning has set up a 33/11/0.415KV, 4MVA electric substation for sanctioned load of 3,000KW/3MW with a captive capacity of 1,000KW/1MW.

The company's disclosure also said the installation of Bus Bar Trunking (BBT) System in the said Electric Substation has also been completed.

"Test run is on for more scrutiny. The board of directors of the company has decided to run the mill by electricity from December 18, 2017 subject to availability of power supply by REB which will reduce the risk of interruption in production," the company disclosure said.

The company recently opened a new unit and it will also come under the coverage of electric substation.

The 'A' category company was listed on the stock exchanges in 2015.

Sponsor-directors hold 31.10 per cent shares of Zaheen Spinning, while institutions and public shareholders own 24.73 per cent and 44.17 per cent respectively.

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