Barakatullah Electro Dynamics Limited (BEDL) IPO Result Published

http://dsebd.org/ipo_lottery_result.php
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BEDL Ipo Lottery Draw Result Published 2011

The IPO Lottery Draw Result Of Barakatullah Electro Dynamics Limited Will be published Today

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Bank / Branch Code

Other than NRB (General Public)

Mutual Fund

Non - Resident Bangladeshi (NRB)

Distribution of Refund Warrant

Company Information

Barakatullah Electro Dynamics Limited, such a company of  local and a group of  Non-Resident Bangladeshi (NRB) entrepreneur with the foreign  Thailand partner STEE Co. Ltd.. BEDL is the mainly private sector power generating company developed by a group of NRB investors. This company was incorporated in Bangladesh on 26th June 2007 as a Private Limited Company. On 25th September 2008 the Company was converted to a public limited company under the Company Act 1994.

BEDL signed an agreement for supplying of electricity on rental basis with BPDB on 28th April 2008. For project financing the company appointed Infrastructure Development Company Limited as a lead to arrange a syndicated loan for the project. BEDL participated in the tendering process initiated from Bangladesh Power Development Board (BPDB). Accordingly a syndication loan facility for BDT 1250 million has been arranged from six financial institutes.It won the bid for implementing, generating, and supplying electricity from a 51 MW power plant at Fenchugong, Sylhet for a period of 15 years.