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MJL Bangladesh PLC, one of the leading private lubricant marketers, plans to invest $32.5 million, or Tk 350 crore, to purchase a newly-built tanker and provide rental services to private liquefied petroleum gas (LPG) companies. ....
The lubricant blender decided on this investment move in a time when the demand for bottled LPG is growing and private sector entrepreneurs are concentrating their investment focus in this industry. ....
Mobil Jamuna Lubricants (MJL) Bangladesh has decided to increase its corporate guarantee from $20 million to $40 million in favour of MJL (S) PTE so that it can take more working capital loans. ....
Most fuel and power stocks registered lower profitability in the first half of the current financial year (FY) due to the pandemic-induced economic slowdown. Firms expect that it will take at least six more months for fuel and power consumption to fully recover from the Covid-19 fallout, enabling them to post higher earnings for their investors. Among the eight fuel and power ....