Financial Performance Analysis of Titas Gas Transmission & Distribution Company Limited

Abstract

Natural Gas plays a vital role as a major source of energy in our country. Natural gas generally refers a nontoxic gas with lowest carbon hydrocarbon which is odorless and colorless. In general natural gas is used for the purpose of cooking and heating. In fuels power stations natural gas is used to produce electricity which supply to homes and for producing products. Titas Gas Transmission & Distribution Company Limited is the major distributor of natural gas in Bangladesh. The company started its journey under company act 1913 in November 21, 1964. TGTDCL work direct under the supervision of Ministry of Power, Energy & Mineral Resources. Titas Gas Transmission & Distribution Company Limited has 80% of Market share in producing natural gas in Bangladesh. they have more than 2.8 million customer at present and have more than 2100 staff all working under TGTDCL. Dhaka, Gazipur, Narayanganj, Munshiganj, Manikganj, Netrokona, Kishoreganj, Tangail, Mymensingh, Jamalpur, Sherpur, Narsingdi etc are the major’s areas where Titas Gas Transmission & Distribution Company supply most of the natural gas. The head office of Titas Gas Transmission & Distribution Company Limited is located in Titas Gas Bhaban, 105 Kazi Nazrul Islam Avenue, Kawran Bazar, Dhaka. Titas Gas Transmission & Distribution Company directly involve in Removal and disconnection of illegal gas pipeline, Pipeline propagation and alternation, Conduct Civil work, Energy efficiency and conservation, Prepaid meter installation, Initiating welfare Projects, Annual performance agreement. At present TGTDCL have 12000 commercial customers and 5300 industrial customer which involved in producing goods and services. As TGTDCL is one of the vital part of producing natural gas in Bangladesh so I got attracted to know more about this company and have decided to analyze financial performance of this renowned company in Bangladesh. Throughout this report I will try to provide generalized idea about Titas Gas Transmission and Distribution Company Limited, analyze the financial performances and to investigate the problems in financial performances of Titas Gas Transmission and Distribution Company Limited. I will also try to put forward some suggestion which will helps to resolve those problems.