Bakhrabad Gas Systems Limited (BSGL) earned a net profit of Tk 1.46 billion during the fiscal year 2004-05 registering a growth of around 35 per cent over the previous year.
During the 2004-05 fiscal year the BSGL earned a total revenue of Tk 8.48 billion by selling 2532.84 million cubic meters of gas.
The company constructed a total of 287.68 km of pipeline network and provided a total number of 27,768 gas connections during 2004-05.
The total length of pipeline constructed was 5336.62 km and cumulative gas connections stood at 325089 numbers and during 2004-05 the BGSL contributed around Tk 2.8 billion to the public exchequer.
This was revealed at the 25th annual general meeting (AGM) held on January 29. It was presided over by Wahidunnabi Chowdhury, additional secretary, energy and mineral resources division and chairman, board of directors of BGSL. The AGM which was also attended by Musharraf Hossain Bhuiyan, chairman, Petrobangla, and directors of Petrobangla.
Steps have been taken to supply gas to Di Ammonium Phosphate Project of Chittagong Urea Fertiliser Limited and a number of small power stations.
Besides these, initiative has also been taken to complete the development of Bhangura Gas Field at Muradnagar and to develop Semutang Gas Field to supply gas to the BGSL franchise area.