15th Annual General Meeting Press Note
The 15th Annual General Meeting of Baraka Power Limited was held on Digital Platform on December 15, 2022 at 03.00 pm moderated by the Company Secretary Mr. Md. Saiful Islam Chowdhury. After recitation from the Holy Quran, Company Secretary started the main event of the ceremony by welcoming honorable Board of Directors and Shareholders present there.
In his welcome speech Mr. Faisal Ahmad Chowdhury, Honorable Chairman of Baraka Power Limited mentioned that Baraka Group has been playing a leading role in National Development by continuously supplying electricity to the national grid. The company is investing in new businesses using its business success, reputation and experience. Following this, Baraka Fashions Limited started and Baraka Power Limited held 51% shares of it. He also mentioned that the other three power plants of Baraka Group Baraka Power Limited, Baraka Shikalbaha Power Limited and Karnaphuli Power Limited are in full operation.
Mr. Fahim Ahmed Chowdhury, Honorable Managing Director of Baraka Power Limited, in his closing remarks expressed special gratitude to the Directors and Shareholders of the company for their sincere cooperation. He mentioned that the Consolidated profit of the Company in the financial year 2021-2022 was Tk 50.13 crore. The company’s Earnings Per Share stood at Tk. 2.13.
Declaration of 10% Cash dividend for fiscal year 2021-2022 along with other agendas have been approved with the vote of the shareholders in the 15th Annual General Meeting.
Baraka Power Limited Receives ICMAB Best Corporate Award-2021
Baraka Power Limited received ICMAB Best Corporate Award 2021 in the power generation category. Baraka Power Limited is a consistent winner of this prestigious award from ICMAB which is a recognition for excellence in corporate governance.
Mr. Tipu Munshi (MP), Honorable Minister, Ministry of Commerce, Government of the People’s Republic of Bangladesh, handed over the prestigious award to Mr. Fahim Ahmed Chowdhury, Managing Director, Baraka Power Limited, Mr. Mohammed Monirul Islam, Director (Finance & Accounts), Baraka Group and Mr. Monowar Ahmed, Chief Financial Officer, Baraka Power Limited. Md. Jashim Uddin, President, FBCCI and Professor Shibli Rubayat-Ul-Islam, Chairman, BSEC adorned the ceremony as special guests.
Along with other senior officials, Mr. Mirajul Karim, General Manager, HR & Admin and Mr. Mohammad Rana, DGM, Finance were present at the award ceremony held at the Hotel Intercontinental, Dhaka on 1st December 2022.
Starting of Share Trading of Baraka Securities Limited
We are delighted to share that Baraka Securities Limited (BSL), a subsidiary of Baraka Patenga Power Limited and a concern of Baraka Group has inaugurated its newly built office at Motijheel and started share trading on Monday (11 April 2022). In this occasion, a Dua and Iftar Party was organized at the BSL Office premises yesterday. Mr. Faisal Ahmed Chowdhury, Chairman, Baraka Power Limited, Mr. Gulam Rabbani Chowdhury, Managing Director, Baraka Securities Limited, Mr. Fahim Ahmed Chowdhury, Managing Director, Baraka Power Limited, Mr. Monzur Kadir Shafi, Chairman, Baraka Securities Limited, Mr. Nayem Ahmed Chowdhury, Managing Director, Baraka Shikalbaha Power Limited, Mr. Helal Ahmed Chowdhury, Director, Baraka Patenga Power Limited, Mr. Mohammed Monirul Islam, Director (Finance & Accounts), Mr. Monowar Ahmed, GM (Commercial) and Mr. Mirajul Karim, GM (HR & Admin), Baraka Group as well as other senior officials were present in the Iftar Party.
Baraka Power Limited receives ICMAB Best Corporate Award-2020 in Power Generation Category
Baraka Power Limited received ICMAB Best Corporate Award 2020 in the power generation category. This is the 6th times that Baraka Power Limited has received this recognition from the ICMAB for excellence in corporate governance. Baraka Power Limited had also received this award in the year of 2012, 2013, 2014, 2016 and 2019.
Mr. Tipu Munshi (MP), Honorable Minister, Ministry of Commerce handed over the prestigious award to Mr. Mohammed Monirul Islam, Director (Finance & Accounts), Baraka Group and Mr. Monowar Ahmed, Chief Financial Officer, Baraka Power Limited. Mr. Shibli Rubayat-Ul-Islam- Chairman, BSEC, Mr. Kazi Akram Uddin Ahmed- Chairman, Standard Bank Limited and Mr. AKM Delwer Hussain FCMA- President, SAFA were present as the special guests.
Along with other senior officials, Mr. Mohammad Rana, Company Secretary, Baraka Patenga Power Limited was present at the award ceremony held at the Hotel Le Meridian, Dhaka on 30th December 2021.
Notice of the 14th Annual General Meeting
Baraka Power won ICMAB Best Corporate Award 2019
Baraka Power Limited received ICMAB Best Corporate Award 2019 in the power generation category. This is the 4th times that Baraka Power Limited has received this recognition from the ICMAB for excellence in corporate governance.
Honorable Minister for Commerce Ministry, Mr. Tipu Munshi, MP, handed over the prestigious award to Mr. Fahim Ahmed Chowdhury, Managing Director and Mr. Monzur Kadir Shafi, Director of the Company. Professor Shibli Rubayat-Ul-Islam, Chairman of BSEC, Dr. Md Jafar Uddin, Secretary, Ministry of Commerce and AKM Delwer Hussain FCMA, President of SAFA were present as the special guests.
In addition, along with other senior officials Mr. Monowar Ahmed, Chief Financial Officer and Mr. Md. Saiful Islam Chowdhury, Company Secretary of Baraka Power Limited were present at the award ceremony held at the Hotel Radisson Blu Dhaka Water Garden, Dhaka on 25th February 2021.
BSPL & KPL Official Inauguration
By the grace of Allah, BSPL and KPL was officially inaugurated on 13 November 2019. The Prime Minister of Bangladesh Sheikh Hasina was the Chief of the inauguration ceremony. Alhamdulillah!
This is one of the biggest achievements to the aspect of Baraka Group.
SYLHET MIRROR AWARD CEREMONY
The Daily Sylhet Mirror organized a Gala event on 25th of July 2019 on its first anniversary. Through contributing in various field of the society; especially in education, culture, literature and journal ism for a long time. The ·recipients who were e being awarded in different categories were; Principal Parimal Kanti Dey awarded in education category, Nizamuddin Lashkar awarded in culture, Masiul Alam in literature and Abed Khan in journalism. Foreign Minister of the Government of the People’s Republic of Bangladesh Dr. A.K. Abdul Monem was present as the chief guest of the program. Mayor of Sylhet City Corporation Mr. Ariful Haque was present as the special guest of the program. Mr. Faisal Ahmed Chowdhury, Chairman and Mr. Gulam Rabbani Chowdhury, Managing Director of Baraka Group were present on the occasion. The visiting guests expressed the need of organizing such kind of events and thanked the management of Sylhet Mirror magazine.
COD OF BSPL & KPL
Port and commercial city ‘Chattogram’. The Karnaphuli River, in one hand, has provided the city with business opportunities. On the other hand, it has increased its beauty manifold. Baraka Group’s relationship with this city is more than 5 years. Baraka Group has been partnering with the socio-economic development of Bangladesh by building new power plants since its inception. In the same section, the Baraka Group adopted two new power projects in Chattogram. Baraka Group has established two large power generating companies at the Shikalbaha, Chattogram on the bank of the Karnaphuli River. One is Baraka Shikalbaha Power Limited (BSPL) and the other is Karnaphuli Power Limited (KPL). Shikalbaha Power Limited has a capacity of 105MW and Karnaphuli Power Limited has a capacity of 110MW. Two agreements were signed with Bangladesh Power Development Board (BPDB) to implement the projects. To this end, the Baraka Group purchased about 14 acres of land and implemented two projects within the same premises. Later, Baraka group has purchased 12 engines for two projects from Finland’s world-renowned power generating engine maker, Wartsila. The furnace oil will be used as a refueling in two of these power plants. In addition to generating electricity at KPL, an additional 6 MW will be generated through the turbine by utilizing the emitted steam. To protect the balance of the environment, the oil mixed water will be purified with a water treatment plant (WTP) before release into the river. The aesthetic beauty of the plant has increased manifold as the plant’s location is surrounded by Karnaphuli River. At the same time, it will be easier for the company to transport fuel oil by lighter ships along the river. BSPL, which has a capacity of 105 MW, has started commercial production of electricity and supply to the national grid from 24th May 2019 and KPL, which has a capacity of 110 MW, has started commercial production of electricity and supply to the national grid from 18th August 2019.