In the 2024-25 fiscal year, United Power Generation & Distribution Company (UPGDCL) saw its growth in the second quarter, which was fueled by higher electricity prices and steady production.
In the October-December quarter of FY25, the power manufacturing dividends evolved 5 percent year-on-year to Tk 292.59 crore. In the stretch of October-December, the company’s surplus rose 12 percent to Tk 953.53.
Based on a recent divulgence on the Dhaka Stock Exchange website, a year ago, the amalgamated earnings per share (EPS) for October-December 2024 endured at Rs. 4.98, as against Rs. 4.17 in the same period.
Unchanging foreign exchange rates, the company attributed the augment to higher electricity bulk tariffs and stable production levels.
A year early, its integrated EPS surged to Tk 12.11 from Tk 7.84 for the first half of the fiscal year. At this time, its integrated net operating cash flux per share (NOCFPS) soared to Tk 7.55 from Tk 2.74.
Robust collections of previous receivables from customers drove the NOCFPS growth, which is a statement from the company.
However, its website states that for private sector participation, UPGDCL, which is formally known as Malancha Holdings, is the country’s first commercially independent power producer under the 2008 policy.
UPGDCL, which was founded to ensure relentless power for industries in Bangladesh’s export processing zones (EPZs), was consolidated in 2007 as a private company and switched to public in 2010.
In the Chittagong Export Processing Zone (CEPZ), it initially operated a 41 MW unit DEPZ and a 44 MW unit. In Dhaka Export Processing Zone and 72 MW in CEPZ, its capacity has expanded to 160 MW—86 MW from World Bank funding.
Source: The Daily Star
