National Tubes Limited Explained

National Tubes Limited
Formation:1964
Headquarters:Dhaka, Bangladesh
Region Served:Bangladesh
Language:Bengali
Website:National Tubes Limited

National Tubes Limited is a Bangladesh government owned company that manufactures metal pipes.[1] It was the first pipe manufacturing company in Bangladesh and the largest.[2] Md. Shahidul Hoque Bhuia ndc is the chairperson and Sa. M Ziaul Huq is the managing director of the company respectively.[3]

History

National Tubes Limited was established in Tongi Industrial Area in 1964 by Adamjee Group. After the Independence of Bangladesh, the company was nationalised in 1972. The government off loaded 49 percent of the shares in 1989 on Dhaka Stock Exchange; converting the company into a public limited company. The company had three units, established in 1964, 1980, and 1983 respectively. The first unit was decommissioned in 1993.[4]

National Tubes Limited made 922 million taka profit in the 2019-2020 fiscal year. It is owned by Bangladesh Steel and Engineering Corporation. The company had received a major contract from Dhaka Mass Transit Company Limited for supplying Dhaka Metro Rail project.[5] The company was one of the most traded on the Dhaka Stock Exchange.[6] [7]

Notes and References

  1. News: Proper govt guidance is key to sustainable growth . 15 August 2020 . The Daily Star . 9 October 2011 . en.
  2. Web site: bn:ন্যাশনাল টিউবস লিঃ . http://www.ntl.gov.bd/site/page/ae37e06a-2cc3-4dd7-861d-dd475a4c5612/- . ntl.gov.bd . 15 August 2020 . en.
  3. Web site: Board of Directors . ntl.gov.bd . 15 August 2020 . en.
  4. News: State-owned National Tubes Limited returning to profit . 15 August 2020 . unb.com.bd . English.
  5. News: Metrorail brings National Tubes back on moneymaking track . 15 August 2020 . The Business Standard . 9 May 2020 . en.
  6. News: Golden Harvest stocks jump on news of JV with IFC . 15 August 2020 . The Daily Star . 27 September 2019 . en.
  7. News: Stocks bleed despite GP surge . 15 August 2020 . The Daily Star . 20 September 2019 . en.