Abstract:
Nowadays, the energy sector can impact the whole economy of a country. And with the rising population, the demand for natural gas is also increasing. Bangladesh's government is highly aware of the situation and takes action to increase the energy supply which is essential for the continuation of the country's progress. In recent years, the government has completed significant infrastructure development and technical construction projects in the energy industry for the gas and coal sector.
Petro Bangla is in charge of all of these initiatives. Petro Bangla is Bangladesh's state-owned national oil firm in charge of the exploration, production, transportation, and sale of oil, natural gas, and other mineral resources. In addition, the firm engages in production-sharing agreements with foreign oil corporations to explore and develop the country's oil and gas resources. Petro Bangla is in charge of broad corporate planning for the gas industry, as well as advising particular enterprises on the implementation of investment plans while keeping final decision-making and approval power. The corporate planning of the firm is directed by the national economic policy and the role of the energy sector within it, and it comprises operations ranging from exploration to marketing, taking into account both public and private sector operators. Petro Bangla distributes gas to diverse clients through five marketing businesses, each of which runs in a distinct franchise region, while JGTDSLis in charge of the Sylhet division.
JGTDSL was established on December 1, 1986, to fulfill the increasing demand and support the socio-economic development of the Sylhet region. The company was formed under the Company Act with an authorized capital of Tk.150 crores. Since its inception, the company has been working to decrease the reliance on imported fuel, conserve foreign currency, and maintain ecological balance by building pipelines, establishing and maintaining relevant facilities, and ensuring steady transmission and distribution of gas throughout its franchise area.
The purpose of this report is to provide an analysis of the financial activities of JGTDSL over the past five years. The report examines the company's financial performance, including its revenue, profits, and cash flow, as well as its financial position and liquidity. The report also assesses the major trends and changes in the company's financing activities throughout the analysis, such as changes in debt levels or the sources of financing. Additionally, the report identifies any notable 3 ©Daffodil International University
risks or challenges facing the company and provides recommendations for improving the company's financial performance. The report aims to provide valuable insights for investors, shareholders, and other stakeholders interested in the financial health and performance of JGTDSL.