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WELCOME TO BGSL
INTRODUCTION
Bakhrabad Gas Systems Limited(BGSL)) a company of
Petrobangla, was incorporated on 7 June, 1980 with an authorized capital of
Tk. 3 billion, from the government providing the total equity requirement
of the company. The registered head office of the government owned company
is located at its own complex at Comilla, 100 Km south-east of the
country's capital, Dhaka.
BGSL was established with three-fold responsibilities
of production, transmission and distribution of natural gas to
south-east Bangladesh
(excluding Brahmanbaria district) through the development of Bakhrabad gas
field and construction of Bakbrabad-Chittagong transmission pipeline.
Later, BGSL was also I given the responsibility to develop Feni gas field
and to construct Bakbrabad-Demra gas transmission pipeline to supply gas in
the Titas system, in order to meet the increasing demand of gas in greater Dhaka. On successful completion of these projects,
BGSL started its commercial operation in its franchise area on 20 May, 1984
and commenced gas supply to Titas system, from 16 September, 1985.
The gas production activities of the company relating to
Bakhrabad and Feni gas fields were transferred to Bangladesh Gas Fields
Company Limited in May, 1989 under a reorganization plan of Petrobangla,
thus transforming BGSL into a gas transmission and distribution company
since then. The company has been involved in the distribution of gas to the
Chittagong, Comilla, Chandpur, Feni, Noakhali and Lakshmipur district
headquarters and adjoining towns, municipal areas and administrative units
like upazillas. The company fetched its first profit during 1993-1994
though, the commercial activities of the company commenced during FY
1984-1985. In view of the volume of investment, the Government has raised the
company's authorized capital TK. 3 billion to Tk. 5 billion in 1990 and Tk.
8 billion in 1994.( 1 US$ ~Tk.60.00, 1
Million = 10 Lakh)
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