BDT 611.5 crore Financing Approved for 4 Economic Zones
IDCOL has set its footprints in a new sector- Economic Zones (EZ) by approving an aggregate financing of BDT 611.5 crore to 4 EZs – including the country’s largest private sector EZ. IDCOL has extended a cumulative financing of BDT 339 crore to this sector till date.
Invested in country’s 1 of the only 2 Offshore LNG Terminals
IDCOL invested in 1 of the only 2 offshore LNG Terminals of the country with a capacity of 500 MMCFD (million cubic feet per day) in Maheshkhali, Cox’s Bazar. In gas and other fuel related infrastructure, IDCOL has also financed the largest private sector petroleum refinery plant with a 10,000 barrel per day refining capacity and a 7,000 MT LPG storing and bottling plant.
Over BDT 1,200 crore to Infrastructure Backward Linkage Industries
IDCOL expanded its investment horizon to include infrastructure backward linkage projects. IDCOL has financed the procurement of 20 marine cargo vessels with aggregate capacity of 3500 MT, the establishment of a 4,30,248 MT per annum production capacity billet manufacturing plant and light engineering, ceramic and cement projects. In 2021, IDCOL has also approved BDT 500 crore financing for the production capacity expansion of a leading steel manufacturing company.
Presence in the Hotel and Tourism Sector
IDCOL diversified its portfolio and made investment exceeding USD 30 million (20 million in USD and 1000 million in BDT) towards the establishment of a 5 star hotel in Gulshan, Dhaka to promote the hotel and tourism sector.
IDCOL approved BDT 350 crore term loan facility to finance the expansion of cement manufacturing capacity and a co-generation facility of Premier Cement Mills PLC. Apart from this, IDCOL disbursed BDT 115.33 crore as term loan to Crown Cement PLC (MI Cement) for expansion of their existing capacity in Munshiganj.
IDCOL has financed in Meghna Industrial Economic Zone Limited- Narayanganj, Shreehatta Economic Zone- Maulvibazar, City Economic Zone-Narayanganj for the purpose of inclusive industrialization in the country.
During FY 2022, IDCOL also approved BDT 450 crore as credit facility for financing its first green building project in the education segment which is being implemented by BRAC University. IDCOL disbursed BDT 200 crore for procurement of energy efficient equipment and development of civil structures for the new campus of the university which will contain a total floor area of 114,810 sq. meter with various facilities i.e., classroom, design studio, workshop, labs, gallery, lecture theatre, exhibition gallery, central medical facility, cafeteria, library, multipurpose hall etc., located in Progoti Sarani, Dhaka.
