Khulna Power Company Ltd. announcements
314 Dhaka Stock Exchange announcements for Khulna Power Company Ltd. (KPCL) since 2010: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2024 (27).
- Regarding AGM venue
Refer to their earlier news disseminated by DSE on 28.10.2024 regarding dividend declaration, the company has further informed that the AGM will be conducted in Hybrid System at the following venue: Conference Room No. 126 (1st Floor), United International University (UIU), United City, Madani Avenue, Dhaka-1212.
- Qualified Opinion
The auditor of the company has given the "Qualified Opinion" paragraphs in the Auditor's Report of the company for the year ended June 30, 2024. To view the details, please visit: https://www.dsebd.org/Auditors_opinion/2024/November/KPCL_2024.pdf
- Resumption after Record Date
Trading of the shares of the company will resume on 19.11.2024.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.04 for July-September 2024 as against Tk. 0.16 for July-September 2023; NOCFPS was Tk. (0.05) for July-September 2024 as against Tk. 0.13 for July-September 2023. NAV per share was Tk. 18.38 as on September 30, 2024 and Tk. 18.34 as on June 30, 2024. Reasons for deviation in EPS and NOCFPS: EPS has been decreased due to postponement of operation. NOCFPS became negative owing to delayed payment from BPDB against Company's receivables.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 18.11.2024.
- Spot News
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle with cum benefit from 13.11.2024 to 17.11.2024 and trading of the shares will remain suspended on record date i.e., 18.11.2024.
- 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 14, 2024 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended September 30, 2024.
- The Board of Directors has recommended 10.00\% Cash Dividend only for the General Public Shareholders for the year ended
The Board of Directors has recommended 10.00\% Cash Dividend only for the General Public Shareholders for the year ended June 30, 2024. The total amount of Cash Dividend payable to the General Public Shareholders is Tk. 119,262,051.00. The Sponsors and Directors hold total 278,151,128 shares of the Company. (cont.)
- Refer to their earlier news disseminated by DSE on 12.05.2024 and 13.05.2024 regarding resumption of operation of two KP
Refer to their earlier news disseminated by DSE on 12.05.2024 and 13.05.2024 regarding resumption of operation of two KPC plants, the company has further informed that the operation of KPC Unit II 115MW plant, Khulna and KPC 40MW Noapara plant, Jashore had been operating on \"No Electricity No Payment without any guaranteed off-take\" basis as per letter dated April 29, 2024 from Bangladesh Power Development Board (BPDB) pursuant to the directive of Power Division, (cont.)
- Dividend Declaration
(Cont. news of KPCL): Date of AGM: 29.12.2024, Time: 11:00 AM, Venue: Will be notified later. Record Date: 18.11.2024. The Company has also reported EPS of Tk. 0.15, NAV per share of Tk. 18.34 and NOCFPS of Tk. 3.10 for the year ended June 30, 2024 as against Tk. (1.67), Tk. 19.19 and Tk. (4.40) respectively for the year ended June 30, 2023. (end)
The first part of this announcement is missing from the archive. - Price Limit Open
There will be no price limit on the trading of the shares of the Company today (28.10.2024) following its corporate declaration.
- KPCL Shuts Down Power Plants Due to Uncertainty in PPAs
(Cont. news of KPCL): Ministry of Power, Energy and Mineral Resources after successful negotiation meetings with concerned authorities. However, Power Purchase Agreements (PPAs) have not been executed yet in respect of the above plants. It is also noted that, BPDB is not giving electricity demand to the plants in recent days. Hence, there is a significant uncertainty in execution of the PPAs for the plants. In the context of the above situation, the power plants have been kept on shutdown mode. (end)
The first part of this announcement is missing from the archive. - Declaration of dividend by associate company
The company has informed that the Board of Directors of United Payra Power Ltd. (UPPL), a 35% associate company of Khulna Power Company Ltd. (KPCL) has declared cash dividend of Tk. 1.50 per share of Tk. 10 each, amounted to Tk. 173,827,500 (entitlement of KPCL) based on the audited financial statements for the year ended 30th June 2024 of UPPL.
- 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, 2024 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended June 30, 2024.
- Category Change
The Company will be placed in 'Z' category from existing 'A' category with effect from September 26, 2024 as per provision 1(e) of BSEC Directive No. BSEC/CMRRCD/2009-193/77, dated May 20, 2024.
- Prohibition on providing loan facilities to purchase securities
The Stock Brokers and Merchant Bankers are requested to abstain from providing loan facilities to purchase security of Khulna Power Company Limited with effect from September 26, 2024 as per BSEC Directive No. BSEC/CMRRCD/2009-193/32 dated December 26, 2021.
- Change of registered address of the company
The company has informed that their registered as well as business office will be shifted at "House-13/A (2nd floor), Road-83, Block-NE (K), Gulshan-2, Dhaka-1212" on September 01, 2024 from their old address "Landmark (3rd floor), 12-14 Gulshan North C/A, Gulshan-2, Dhaka-1212".
- Regarding resumption of operation of KPC 40MW Noapara plant
Refer to the earlier news of the company disseminated by DSE on 02.05.2024, the company has further informed that it has resumed operation of its KPC 40MW Noapara plant, Jashore on May 12, 2024 at 6:30 PM.
- Regarding resumption of operation of KPC Unit II 115MW plant
Refer to the earlier news of the company disseminated by DSE on 02.05.2024, the company has further informed that it has resumed operation of its KPC Unit II 115MW plant, Khulna on May 09, 2024 at 3:20 PM.
- Regarding resumption of operation of company's two power plants
The company has informed that as per directive of the Power Division, Ministry of Power Energy and Mineral Resources, Bangladesh Power Development Board (BPDB) has informed to resume the operation of company's two power plants namely KPC Unit II 115MW plant, Khulna and KPC 40MW Noapara plant, Jashore on "No Electricity No Payment without any guaranteed off take" basis for 2 years effective from the date of resumption of operation.
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (0.10) for January-March 2024 as against Tk. (0.06) for January-March 2023; EPS was Tk. (0.06) for July 2023-March 2024 as against Tk. (2.06) for July 2022-March 2023. NOCFPS was Tk. 3.21 for July 2023-March 2024 as against Tk. 0.60 for July 2022-March 2023. NAV per share was Tk. 18.14 as on March 31, 2024 and Tk. 19.19 as on June 30, 2023. During the period under report NOCFPS improved mainly due to increased receivable collection from BPDB.
- 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, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended March 31, 2024.
- The Company has informed that the tenure of existing amended Power Purchase Agreement (PPA) on \"No Electricity No payme
The Company has informed that the tenure of existing amended Power Purchase Agreement (PPA) on \"No Electricity No payment\" basis of KPC Unit II 115MW Plant and KPC 40MW Noapara Plant of Khulna Power Company Ltd. (KPCL) is going to expire on 24th March 2024 (00:00 hrs.). Accordingly, Bangladesh Power Development Board (BPDB) has instructed by its letter to shut down the above power plants from that date. (cont.)
- Regarding expiration of tenure of Power Purchase Agreement
(Continuation news of KPCL): However, the company has applied for further extension of the contracts and they have been verbally informed that it is in process. (end)
The first part of this announcement is missing from the archive. - Emerging Credit Rating Limited (ECRL) has affirmed surveillance rating of the Company as \"A-\" in the long term and \"S
Emerging Credit Rating Limited (ECRL) has affirmed surveillance rating of the Company as \"A-\" in the long term and \"ST-3\" in the short term along with a Stable outlook based on audited financial statements up to June 30, 2023, first quarter unaudited financial statements ended on September 30, 2024 and other available information up to the date of rating declaration.
- (Q2 Un-audited): EPS was Tk. (0.12) for October-December 2023 as against Tk. (0.03) for October-December 2022; EPS was T
(Q2 Un-audited): EPS was Tk. (0.12) for October-December 2023 as against Tk. (0.03) for October-December 2022; EPS was Tk. 0.04 for July-December 2023 as against Tk. (2.00) for July-December 2022. NOCFPS was Tk. 1.54 for July-December 2023 as against Tk. (4.47) for July-December 2022. NAV per share was Tk. 18.23 as on December 31, 2023 and Tk. 19.19 as on June 30, 2023. (cont.)
- Q2 Financials
(Continuation news of KPCL): Reasons for deviation in EPS and NOCFPS: EPS was negative mainly due to adjustment of loss incurred on sale of age old KPCL 110MW barge mounted plant. NOCFPS has been improved mainly due to increased receivable collection from BPDB against sales. (end)
The first part of this announcement is missing from the archive.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.