Connect with us

Business

Walton inaugurates 3.3MW rooftop solar plant at Headquarters

Published

on

Reading Time: 2 minutes

The country’s electronics giant Walton has moved one step ahead towards green production and use of renewable solar power. A 3.3-megawatt (MW) rooftop solar plant has been installed at the headquarters of Walton Hi-Tech Industries PLC.

The plant will meet about 07.86 percent of the total daily electricity demand of Walton Headquarters. Infrastructure Development Company Limited (IDCOL) has financed this solar power project in Walton.

Walton Hi-Tech Industries’ Chairman S M Shamsul Alam, IDCOL Chairman and Economic Relation Division’s Senior Secretary Sharifa Khan inaugurated the 3.3MW rooftop solar project at Walton Headquarters at Chandra, Gazipur on Saturday last (November 11, 2023).

The inaugural ceremony was also attended, among others, by IDCOL’s Executive Director and CEO Alamgir Morshed, Head of Renewable Energy Enamul Karim Pavel, Company Secretary M Maftun Ahmed, KfW Development Bank’s Country Director for Bangladesh and Nepal Michael Sumser, Walton Hi-Tech’s Additional Managing Director Major General Ibne Fazal Shayekhuzzaman (Retd.), Deputy Managing Director Md. Yousuf Ali, Senior Executive Directors Nizam Uddin Mazumder, Abdullah-Al-Mamun, Sohel Rana, Easir Al-Imran and Mohasin Sarder, Executive Directors Md. Nazmul Islam, Khaled Bin Kamal, Shahana Akhter and Mohasin Ali Molla. 

Advertisement

IDCOL Chairman Sharifa Khan said, “Walton is not only the pride for the owners, the workers but also a surprise for whole Bangladesh. Walton showed what Bangladesh can do. Walton is gradually moving towards the green production and the renewable energy. The government has huge target for renewable energy and Walton is also a part of that. We are very happy for take us the partner of Walton not only for the renewable energy but also for any other expansion of their renewable power plant. We believed that Walton will be the mega supplier of the electrical and electronics production across the world in the coming days.” 

KfW Development Bank’s Country Director in Bangladesh Michael Sumser said, “I am very impressed about the highest standard what they (Walton) are producing and the proficiency of the product. I am proud to be part of inauguration of the solar power project of 3.3MW, which is really a very big plant. Walton shows the great potential that solar energy has in this country. They are not using agricultural land, but they used roofs which are so far unused. The potential would be huge. The company’s produced solar energy is financially viable and make environmentally lot of sense.”   

At Walton Headquarters, the IDCOL delegations watched a corporate video documentary of Walton. After that, they visited Walton’s well-decorated product display center as well as manufacturing plants of smart refrigerator, mold and die.

Advertisement

Business

BSEC chairman Shibli Rubayat resigns

Published

on

Reading Time: < 1 minute

Bangladesh Securities and Exchange Commission Chairman Prof Shibli Rubayat-Ul Islam resigned today.

He sent his resignation letter to the official concerned at the finance ministry.

He stepped down citing health reasons, said Abdur Rahman, secretary of the Financial Institutions Division of the Ministry of Finance, confirming receipt of the letter.

The development came five days after Sheikh Hasina’s government fell and she fled Bangladesh in the face of a civil uprising.

Advertisement

Islam has remained absent from work for the past several days.

Islam, a Dhaka University teacher, was appointed as chairman of the BSEC in 2020. Last May, he was reappointed for another four-year tenure.

Continue Reading

Business

Progressive Life Insurance Company organizes 199th Board Meeting

Published

on

Reading Time: < 1 minute

The 199th board meeting of Progressive life Insurance Company Limited (PLICL) was held in the organization’s corporate office in the capital’s National Scout Bhaban on Wednesday 10 July 2024. It was presided over by PLICL Acting Chairman M. Shoeb Chowdhury.

The meeting was also attended by Directors viz Bajloor Rashid, MBE, Zakariya Ahad,Mezanur Rahman,DR. Md. Jamil Sharif, Phd, FCMA,DR. Tazrina Farah,Babel Miah,Kamal Miah, M A Karim,Gulam Mostafa Ahmed. Managing Director and Chief Executive Officer Md. Saidul Amin, Additional Managing Director Md. Mizanur Rahman Shipon, Senior Executive Vice President & Company Secretary Abdullah Al Mansur.

The participants in the meeting talked about pending claim settlements, business development plans and laid emphasis on complying with regulatory norms, laws and principals.

The officials of Progressive life Insurance Company Limited greeted the newly appointed Acting Chairman M. Shoeb Chowdhury with flowers at the beginning of the meeting.

Advertisement

Continue Reading

Business

Anwar Group of Industries Organized ‘Induction of Leadership’ program

Published

on

Reading Time: < 1 minute

Anwar Group of Industries, a leading Bangladeshi conglomerate, celebrated a momentous occasion with the formal induction of its new leadership team.

In a ceremony held at the Dhaka Chamber of Commerce and Industry (DCCI), Mr. Manwar Hossain, Chairman of Anwar Group of Industries, officially announced Mr. Hossain Mehmood as Vice Chairman and Mr. Hossain Khaled as the Group Managing Director of Anwar Group of Industries. Additionally, Mr. Furkaan N Hossain, Mr. Waeez R Hossain, and Ms. Faizah Mehmood were sworn in as Deputy Managing Director of Anwar Group of Industries.

The “Induction of Leadership” ceremony on March 3, 2024, marked a memorable and new chapter for Anwar Group of Industries. At the ceremony, Mr. Manwar Hossain, Chairman of Anwar Group of Industries, presented the group’s brooches to Mr. Hossain Mehmood, Mr. Hossain Khaled, Mr. Furkaan N Hossain, Mr. Waeez R Hossain, and Ms. Faizah Mehmood. The ceremony was also attended by members of the Anwar family, stakeholders, and employees.

Committed to empowering its employees and creating a shared vision for the future, Chairman of Anwar Group of Industries, Mr. Manwar Hossain announced a groundbreaking move, all future employees will be made shareholders. This bold initiative underscores the group’s belief in the value of its employees and its commitment to building a sustainable and inclusive future.

Advertisement

Continue Reading

Trending

Copyright © 2021 Daily Frontline. Bangladesh Independent Daily. e-mail:dailyfrontlinebd@gmail.com