MJL Bangladesh reveals Q3 earnings

MJL Bangladesh Limited (MJLBL) has launched multi compartment delivery truck for the first time in Bangladesh to deliver lubricating oil to its industrial customer, said M Mukul Hossain, chief executive officer of MJLBL while disclosing the Q3 earnings of 2017-18 of the company in the capital recently, the company said in a press release.

The company signed an agreement for taking over a 53 bigha land including an industrial complex located at the strategic location of Murapara, Rupganj, Narayangonj with a total consideration value of Tk 970 million for its future expansion.  

The company also invested an amount of $9.375 million in its subsidiary, Omera Petroleum Limited (OPL) against issuance of right shares by OPL. OPL will make use of the funds toward expansion of its LPG project that includes but not limited to purchasing cylinders, storage equipments, filling machineries, barges, road tankers and repayment of high cost borrowing.

 

MJL Bangladesh reveals Q3 earnings

MJL Bangladesh Limited (MJLBL) has launched multi compartment delivery truck for the first time in Bangladesh to deliver lubricating oil to its industrial customer, said M Mukul Hossain, chief executive officer of MJLBL while disclosing the Q3 earnings of 2017-18 of the company in the capital recently, the company said in a press release. The company signed an agreement for taking over a 53 bigha land including an industrial complex located at the strategic location of Murapara, Rupganj, Narayangonj with a total consideration value of Tk 970 million for its future expansion. The company also invested an amount of $9.375 million in its subsidiary, Omera Petroleum Limited (OPL) against issuance of right shares by OPL. OPL will make use of the funds toward expansion of its LPG project that includes but not limited to purchasing cylinders, storage equipments, filling machineries, barges, road tankers and repayment of high cost borrowing.