Summit Power Limited announcements
394 Dhaka Stock Exchange announcements for Summit Power Limited (SUMITPOWER) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2007 (32).
- The Company has informed that the Expanded Power Plant at Ashulia, Savar (as announced earlier) has commenced its commer
The Company has informed that the Expanded Power Plant at Ashulia, Savar (as announced earlier) has commenced its commercial operation. The total capacity of the company now stands at 105 MW after this expansion.
- Normal trading of the shares of the company will resume on 25.11.07 after Record date.
Normal trading of the shares of the company will resume on 25.11.07 after Record date.
- Trading of the shares of the Company will remain suspended from 20.11.07 to 22.11.07 following record date for proper se
Trading of the shares of the Company will remain suspended from 20.11.07 to 22.11.07 following record date for proper settlement of previous trading.
- Trading of the shares of the company will remain suspended on record date i.e. 20.11.07 for EGM.
Trading of the shares of the company will remain suspended on record date i.e. 20.11.07 for EGM.
- Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be
Trading of the shares of the Company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per spot settlement cycle from 15.11.07 to 19.11.07 and trading of the shares will remain suspended on record date i.e., 20.11.07 for EGM.
- The company has informed that the 10th EGM of the company will be held on 12.12.07 at 11:00 AM at Bashundhara Convention
The company has informed that the 10th EGM of the company will be held on 12.12.07 at 11:00 AM at Bashundhara Convention Centre, Bashundhara R/A, Baridhara, Dhaka to insert a new guarantee clause in the Memorandum and Articles of Association of the company. Record date for EGM: 20.11.07.
- The Company has informed that Summit Uttaranchol Power Company Ltd. (SUPCL) and Summit Purbanchol Power Company Ltd.( SP
The Company has informed that Summit Uttaranchol Power Company Ltd. (SUPCL) and Summit Purbanchol Power Company Ltd.( SPPCL), the subsidiaries of Summit Power Ltd., on Thursday (October 11, 2007) signed the Power Purchase Agreements, Implementation Agreements, Gas Supply Agreements and Land Lease Agreements with Power Cell, PDB, REB, Titas Gas Transmission and Distribuiton Company Ltd., Bakhrabad Gas Systems Ltd. and Pashchimanchal Gas Company Ltd.The subsidiaries of Summit Power Ltd.- SUPCL and SPPCL are going to setup four Power Plants with a total capacity of 110 MW (SUPCL 11 MW at Sirajgonj and 33 MW at Gazipur and SPPCL 33 MW at Narayangonj and 33 MW at Comilla) on Build, Own and Operate (BOO) basis.
- Summit Industrial & Mercantile Corporation (Pvt.) Ltd., one of the corporate Sponsors of the company, has further report
Summit Industrial & Mercantile Corporation (Pvt.) Ltd., one of the corporate Sponsors of the company, has further reported that it has completed its sale of 2,50,000 shares of the company at prevailing market price through Stock Exchange as announced earlier.
- Summit Industrial & Mercantile Corporation (Pvt.) Ltd., one of the corporate Sponsors of the company, has further report
Summit Industrial & Mercantile Corporation (Pvt.) Ltd., one of the corporate Sponsors of the company, has further reported its intention to sell 2,50,000 shares out of its total holdings of 52,77,604 shares of the company at prevailing market price through Stock Exchange within next 30 working days.
- Summit Industrial & Mercantile Corporation (Pvt.) Ltd., one of the corporate Sponsors of the company, has further report
Summit Industrial & Mercantile Corporation (Pvt.) Ltd., one of the corporate Sponsors of the company, has further reported that it has completed its sale of 2,00,000 shares of the company at prevailing market price through Stock Exchange as announced earlier.
- Summit Industrial & Mercantile Corporation (Pvt.) Ltd., one of the corporate Sponsors of the company, has reported its i
Summit Industrial & Mercantile Corporation (Pvt.) Ltd., one of the corporate Sponsors of the company, has reported its intention to sell 2,00,000 shares out of its total holdings of 54,77,604 shares of the company at prevailing market price through Stock Exchange within next 30 working days.
- The company has further informed that due to unavoidable circumstances the 9th EGM of the company will now be held on 29
The company has further informed that due to unavoidable circumstances the 9th EGM of the company will now be held on 29.09.07 at 11:00 AM at Bashundhara Convention Centre, Bashundhara R/A, Baridhara, Dhaka instead of earlier declared date 22.09.07. The company also informed that the Board has proposed to increase Authorised Share Capital to Tk. 300 (three) crore from existing Tk. 100 (one) crore subject to the approval of the shareholders in the 9th EGM of the company.
- Spot trading of the shares of the company will resume on 28.08.07 after Record date.
Spot trading of the shares of the company will resume on 28.08.07 after Record date.
- Trading of the shares of the company will remain suspended on record date i.e. 27.08.07 for EGM.
Trading of the shares of the company will remain suspended on record date i.e. 27.08.07 for EGM.
- The company has further informed that 'Record Date' for the 9th EGM will be 27.08.07 instead of earlier declared 29.08.0
The company has further informed that 'Record Date' for the 9th EGM will be 27.08.07 instead of earlier declared 29.08.07. Other information of the EGM will remain unchanged.
- There will be no price limit on the trading of the shares of the company today (13.08.07) following its corporate declar
There will be no price limit on the trading of the shares of the company today (13.08.07) following its corporate declaration.
- The Board of Directors has recommended right share @ 4R:5 ( i.e. four right shares for every five existing shares ) at T
The Board of Directors has recommended right share @ 4R:5 ( i.e. four right shares for every five existing shares ) at Tk. 145 each ( including a premium of Tk. 45 per share). This offer is subject to clearance/approval of EGM and SEC. Date of EGM : 22.09.07, Time: 11:00 AM, Record date for EGM: 29.08.07. Venue of EGM to be notified later.
- In response to a DSE query regarding Zero Coupon Bond the company has informed that the Features of the instrument: Non-
In response to a DSE query regarding Zero Coupon Bond the company has informed that the Features of the instrument: Non-convertible and redeemable, Maturity: 10 years 06 month, Coupon rate shall be 11% for the entire tenure of the Bond.
- The company has informed that a MOU of syndicated facility of BDT 3,880 million (approx) was signed between Summit Power
The company has informed that a MOU of syndicated facility of BDT 3,880 million (approx) was signed between Summit Power Ltd. and Industrial and Infrastructure Development Finance Company Ltd. (IIDFC) on 06.08.07. As per MOU, IIDFC will act as the Lead Arranger for raising fund of BDT 3,880 million through a debt instrument namely Zero Coupon Bond. The above facility will be used for Implementing 110 MW Power Plant at Rupgonj Jangalia, Mowna and Ullapar. (Information received at 10:54)
- As per un-audited half yearly accounts as on 30.06.07, the Company has reported net profit of Tk. 136.11 m with EPS of T
As per un-audited half yearly accounts as on 30.06.07, the Company has reported net profit of Tk. 136.11 m with EPS of Tk. 18.42 as against last year's half yearly of Tk. 80.75 m and Tk. 12.42 respectively.
- The company has informed that it has decided to form two new Special Purpose Companies (99% share of these companies wil
The company has informed that it has decided to form two new Special Purpose Companies (99% share of these companies will be held by Summit Power Ltd. and the remaining 1% by Summit Industrial & Mercantile Corporation (Pvt.) Ltd.) to Establish 11 MW Gas-fired Power Plant at Ullapara, Sirajgonj and 33 MW Gas-fired Power Plant at Maona, Gazipur under one company and 33 MW Gas-fired Power Plant at Rupgonj, Narayangonj and 33 MW Gas-fired Power Plant at Jangalia, Comilla under the second company on a Build, Own and Operate (BOO) basis subject to the approval of Power Cell, Power Division, Ministry of Power, Energy & Mineral Resources, Government of the Peoples Republic of Bangladesh.
- In response to DSE query the company has informed that the projected cost for the establishment of 33 MW and 11 MW as an
In response to DSE query the company has informed that the projected cost for the establishment of 33 MW and 11 MW as announced earlier will be Tk. 1450 million and 500 million respectively . The company also informed that as per RFP of the these projects 20% of the total projected cost will be financed from Equity and the remaining 80% will be financed through Debt from Multinational, Private Banking Institutions and Non Banking Financial Institution. (Information received at 1:32 PM)
- The company has informed that it has received letter of intent from Power Cell, Power Division, Ministry of Power, Energ
The company has informed that it has received letter of intent from Power Cell, Power Division, Ministry of Power, Energy & Mineral Resources, Government of the Peoples Republic of Bangladesh for the establishment of 33 MW and 11 MW at Maona, Gazipur and Ullapara, Sirajgonj respectively totaling 44 MW gas fired small IPP Power Plant Projects on build, own and operate (BOO) basis. However, the company did not inform the cost of the project and source of financing.
- The company has informed that it has credited the stock dividend (@ 20%) for the year 2006 to the respective shareholder
The company has informed that it has credited the stock dividend (@ 20%) for the year 2006 to the respective shareholder's BO Accounts.
- In response to a DSE query, the company has informed that there is no new undisclosed price sensitive information of the
In response to a DSE query, the company has informed that there is no new undisclosed price sensitive information of the company for recent unusual price hike. The company further informed that, as announced earlier (07.09.06), the additional Power Plant of 33.75 MW at Savar is expected to commence its operation by end of October 2007. In addition to this, the company is pre-qualified in the recent bidding process for setting up Power Plants at different areas of Bangladesh invited by Power Cell, Power Division, GOB.
- Normal trading of the shares of the company will resume on 14.05.07 after Record Date.
Normal trading of the shares of the company will resume on 14.05.07 after Record Date.
- Trading of the shares of the company will remain suspended on record date i.e., 13.05.07.
Trading of the shares of the company will remain suspended on record date i.e., 13.05.07.
- Trading of the shares of the company will be allowed only in the Spot Market and Block/Odd lot transactions will also be
Trading of the shares of the company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per spot settlement cycle with cum benefit from 08.05.07 to 10.05.07. Trading of the shares will remain suspended on record date i.e., 13.05.07.
- The company also reported that it has earned a net profit of Tk. 175.10 m with EPS of Tk. 25.66 for the year 2006 as aga
The company also reported that it has earned a net profit of Tk. 175.10 m with EPS of Tk. 25.66 for the year 2006 as against Tk. 174.21 m and Tk. 37.33 respectively for the year 2005.
- There will be no price limit on the trading of the shares of the company today( 30.04.07) following its corporate declar
There will be no price limit on the trading of the shares of the company today( 30.04.07) following its corporate declaration.
- The Board of Directors has recommended stock dividend @ 20% (i.e., 1 bonus share for every 5 shares) for the year 2006.
The Board of Directors has recommended stock dividend @ 20% (i.e., 1 bonus share for every 5 shares) for the year 2006. Date of AGM : 31.05.07, Time: 11:30 AM, Venue: Bangladesh-China Friendship Conference Centre, Agargaon, Sher-E-Bangla Nagar, Dhaka. Record date: 13.05.07.
- The Company has informed that a signing ceremony was held for syndicated loan facility for Summit Power Ltd. of BDT 1250
The Company has informed that a signing ceremony was held for syndicated loan facility for Summit Power Ltd. of BDT 1250 million arranged by Standard Chartered Bank on today (18.02.07). This facility will be used for expansion of existing 11 MW power plant at Ashulia-Savar by additional 33.75 MW as announced earlier. With this latest expansion the total capacity of Summit Power Ltd. will be 103 MW.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.