Financial Performance Analysis of National Electric BD Ltd

Abstract

National Electric BD Ltd is the concern of National Group, Russia. The company was established on 2nd April 2015 under the laws of Bangladesh. Initially, the primary activities of the company were to support the power sector of Bangladesh. Its aim was to meet the demand of electricity by partnering with the Government of Bangladesh in collaboration with foreign companies in the power sector. NEBL started is support by providing by providing high-quality electrical equipment and also consultation services. They experience in all aspects of the power sector, especially in the generation, transmission and distribution fields. National Electric BD Ltd have been working with the Government of Bangladesh and almost all companies related to power sector. Those include the Bangladesh Power Development Board (BPDB), Dhaka Power Distribution Company Ltd. (DPDC), Dhaka Electric Supply Company Ltd. (DESCO), Bangladesh Rural Electrification Board (BREB). The National Electric BD Limited always appreciates the renewable energy sources, as shortage of natural gas, which fuels about 70 percent of Bangladesh’s power. They are also focusing their activities in the commodity sectors of Bangladesh such as wheat, rice, fertilizers, agricultural products etc. They are highly experienced and have long-term amicable and potential relationship by signing several G to G contracts with the Ministry of Agriculture, Ministry of Food. They have supplied 0.8 Million MTon of wheat and 1.2 Million MTon MoP fertilizer on G to G basis successfully. Contract signing for the Supply of DAP and NPK fertilizer is in the process. The National Electric BD Limited is also engaged in the Rooppur Nuclear Power Plant, Physical Protection System, the most prestigious projects not only in the power sector but also in the Country. This company is also contributing in the energy sector of the country by engaging with the Petrobangla, Bapex and the Russian oil giant, GAZPROM, who are developing three gas wells at the Bhola district.