Baraka Power Limited announcements
202 Dhaka Stock Exchange announcements for Baraka Power Limited (BARKAPOWER) since 2015: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2018 (21).
- New Date and Venue of the AGM
The Company has further informed that due to unavoidable circumstances, their 11th AGM scheduled to be held on December 06, 2018, has been postponed. It will now be held on December 13, 2018 at 12:30 PM in the Khan's Palace Convention Hall, 19-Doyel, Subidbazar, Sylhet - 3100.
- Resumption after record date
Trading of the shares of the Company will resume on 20.11.2018 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 19.11.2018.
- Q1 Financials
(Q1 Un-audited): Consolidated EPS was Tk. 0.67 for July-September, 2018 as against Tk. 0.66 for July-September, 2017; Consolidated NOCFPS was Tk. 0.86 for July-September, 2018 as against Tk. 1.26 for July-September, 2017. Consolidated NAV per share was Tk. 19.47 as on September 30, 2018 and Tk. 18.80 as on June 30, 2018.
- Spot News
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 15.11.2018 to 18.11.2018. Trading of the shares of the Company will remain suspended on record date i.e., 19.11.2018.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on November 13, 2018 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2018.
- Dividend Declaration
The Board of Directors has recommended 10% stock dividend for the year ended on June 30, 2018. Date of AGM: 06.12.2018, Time: 12:30 PM, Venue: Hotel Star Pacific, Dargah Gate, Sylhet-3100. Record date: 19.11.2018. The Company has also reported Consolidated EPS of Tk. 1.75, Consolidated NAV per share of Tk. 18.80 and Consolidated NOCFPS of Tk. 4.74 for the year ended on June 30, 2018 as against Tk. 2.29, Tk. 20.12 and Tk. 3.52 respectively for the same period of the previous year.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (28.10.2018) following its corporate declaration.
- Board Meeting schedule under LR 19(1)
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 27, 2018 at 4:30 PM to consider, among others, audited financial statements of the Company for the year ended on June 30, 2018.
- Elected Chairman and Appointed Managing Director
The Company has informed that Mr. Gulam Rabbani Chowdhury has been elected as Chairman and Mr. Fahim Ahmed Chowdhury has been appointed as the Managing Director of the Company with effect from September 25, 2018.
- Signing of PPA with BPDB and IA with the GOB by Baraka Shikalbaha
With reference to their earlier disclosure disseminated on March 01, 2018 regarding issuance of LOI to Baraka Patenga Power Limited and its consortium by BPDB vide memo dated February 28, 2018, the Company has further informed that Baraka Shikalbaha Power Limited (a 51% subsidiary of Baraka Patenga Power Limited formed to implement the 105 MW power plant project at Shikalbaha, Chittagong) (cont. 1) (Continuation news of BARKAPOWER): from the Commercial Operation Date (COD). The required COD of the new plant is 9 months from the date of LOI. Apart from 51% shares in BSPL of Baraka Patenga Power Limited, Baraka Power Limited has invested in 20% shares of BSPL. By way of cross holding (with 51% holding of Baraka Patenga Power), aggregate shareholding of Baraka Power Limited in Baraka Shikalbaha Power Limited is 46.01%. (end) (Continuation news of BARKAPOWER): has signed the Power Purchase Agreement (PPA) with BPDB on August 19, 2018 and has also signed the Implementation Agreement (IA) with the Government of Bangladesh (GOB) represented by the Ministry of Power, Energy and Mineral Resources on the same day. Accordingly, Baraka Shikalbaha Power Limited (BSPL) will implement the HFO fired IPP power plant on Build, Own, Operate (BOO) basis for a term of 15 years (cont. 2)
- Decline of issuance of preference shares by the BSEC
Referring to their earlier news disseminated by DSE on 31.10.2017 regarding board decision to increase authorized capital and issuance of preference shares, the Company has further informed that BSEC, vide its letter dated May 31, 2018 has declined to approve the anticipated increase of capital of the company through (cont.) (Continuation news of BARKAPOWER): issuance of preference shares due to failure of the company to comply with the condition 6 of the BSEC Notification No. SEC/CMRRCD/2009-193/114/Admin/28, dated October 2, 2011 in respect of maintaining a minimum post-issue joint shareholding of 30% shares of the total paid-up capital of the company by its Sponsor/Promoter Group at least for 3 years from the date of according consent. (end)
- Q3 Financials
(Q3 Un-audited): Consolidated EPS was Tk. 0.36 for January-March 2018 as against Tk. 0.71 for January-March 2017; Consolidated EPS was Tk. 1.51 for July 2017-March 2018 as against Tk. 2.13 for July 2016-March 2017. Consolidated NOCFPS was Tk. 3.78 for July 2017-March 2018 as against Tk. 4.56 for July 2016-March 2017. Consolidated NAV per share was Tk. 18.57 as on March 31, 2018 and Tk. 20.12 as on June 30, 2017.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on April 30, 2018 at 4:30 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended on March 31, 2018.
- Agreements signed by the company to act as EPC contractor
The Company has informed that their board of directors has decided to enter into the following agreements: 1. Baraka Power Limited has signed an agreement with Karnaphuli Power Limited to act as Engineering, Procurement and Construction (EPC) contractor of Karnaphuli Power Limited. The total EPC Contract price is USD 33.50 million out of which Baraka Power Limited is expecting to earn a tentative net margin of 3.00% upon completion of the EPC contract. (cont.) (Continuation news of BARKAPOWER): 2. Baraka Power Limited has signed an agreement with Baraka Shikalbaha Power Limited to act as Engineering, Procurement and Construction (EPC) Contractor of Baraka Shikalbaha Power Limited. The total EPC Contract price is USD 28.00 million out of which Baraka Power Limited is expecting to earn a tentative net margin of 3.00% upon completion of the EPC contract. (end)
- Investment in equity shares of Baraka Shikalbaha Power Limited
The Company has informed that the Board of Directors has decided to invest in 20% Equity Shares of Baraka Shikalbaha Power Limited which is a HFO fired IPP power plant having guaranteed capacity at 105 MW. Baraka Patenga Power Limited has 51% shares in Baraka Shikalbaha Power Limited. By way of cross holding (with Baraka Patenga Power's 51%), (cont.) (Continuation news of BARKAPOWER): Baraka Power Limited 's shareholding in Baraka Shaikalbaha Power Limited will stood at 46.01% aggregately. The required commercial operation date of Baraka Shikalbala Power Limited is 9 months from the date of LOI (i.e. 28.02.2018). (end)
- LOI issued by BPDB to Baraka Patenga Power Limited & its Consortium
The Company has informed that Bangladesh Power Development Board (BPDB) has issued a Letter of Intent (LOI) to Baraka Patenga Power Limited and its Consortium vide a memo dated February 28, 2018 for implementing HFO fired IPP power plant having capacity of 105 MW on BOO (Build, Own, Operate) basis (cont.) (Continuation news of BARKAPOWER): at Shikalbaha, Chittagong for term of 15 years from the Commercial Operation Date (COD). Baraka Patenga Power Limited is a 51% subsidiary company of Baraka Power Limited. The required COD of the new plant is 9 months from the date of LOI. (end)
- Signing of PPA and IA by Karnaphuli Power Limited
Referring to their earlier news disseminated by DSE on 09.08.2017 regarding Letter of Intent and Investment in New Power Plant in Chittagong, the Company has further informed that Karnaphuli Power Limited has signed the Power Purchase Agreement (PPA) with Bangladesh Power Development Board (BPDB) on February 04, 2018 and has also signed the Implementation Agreement (IA) with the Government of Bangladesh (GOB) represented by the Ministry of Power, (cont. 1) (Continuation news of BARKAPOWER): 15 months from February 04, 2018. Baraka Power Limited's subsidiary Baraka Patenga Power Limited has 51% shares in Karnaphuli Power Limited and Baraka Power Limited has invested in 25% shares of Karnaphuli Power Limited. By way of cross holding (with Baraka Patenga Power's 51% holding), Baraka Power Limited's aggregate shareholding in Karnaphuli Power Limited is 51.01%. (end) (Continuation news of BARKAPOWER): Energy and Mineral Resources on the same day. The PPA is signed in connection to the issued Letter of Intent (LOI) to Karnaphuli Power Limited vide memo dated August 08, 2017 of BPDB for implementing HFO fired IPP power plant having capacity of 110 MW on Build, Own, Operate (BOO) basis at Shikalbaha, Chittagong for a term of 15 years from the Commercial Operation Date (COD). The required COD of the new plant is (cont. 2)
- Q2 Financials
(Q2 Un-audited): Consolidated EPS was Tk. 0.50 for October-December, 2017 as against Tk. 0.64 for October-December, 2016; Consolidated EPS was Tk. 1.16 for July-December, 2017 as against Tk. 1.42 for July-December, 2016. Consolidated NOCFPS was Tk. 2.16 for July-December, 2017 as against Tk. 4.12 for July-December, 2016. Consolidated NAV per share was Tk. 18.21 as on December 31, 2017 and Tk. 20.12 as on June 30, 2017.
- Credit Rating Result
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the entity rating of the Company as "AA1" along with a stable outlook based on audited financial statements up to June 30, 2017, bank liability position as on December 26, 2017 and other relevant quantitative and qualitative information up to the date of rating declaration.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on January 31, 2018 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on December 31, 2017.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.