July 25, 2025, 7:49 pm


Staff Correspondent

Published:
2025-07-24 09:48:55 BdST

IDCOL hands over 50C dividend to govt


The state-owned Infrastructure Development Company Limited (IDCOL) has handed over Tk50 crore to the government as dividend from its net profit for the fiscal year 2024.

The dividend cheque was officially presented on Wednesday to the Finance Advisor Dr Salehuddin Ahmed at the Ministry of Finance.

Md Shahriar Kader Siddiky, Secretary of the Economic Relations Division (ERD) and Chairman of IDCOL, along with Dr Md Khairuzzaman Mozumder, Director at IDCOL and Secretary of the Finance Division, played key roles in the formal handover.

Commending IDCOL’s performance, Finance Advisor Dr. Salehuddin Ahmed praised the organisation’s pioneering role in financing renewable energy, infrastructure, and energy efficiency projects across Bangladesh. He described IDCOL as a vital catalyst in promoting inclusive and sustainable financial practices.

The event was attended by several senior officials from IDCOL, including Executive Director and CEO Mr. Alamgir Morshed, Deputy CEO and CFO Mr. S. M. Monirul Islam, Chief Investment Officer Mr. Nazmul Haque, Head of Renewable Energy Mr. Md. Enamul Karim Pavel, Company Secretary Mr. M. Maftun Ahmed, and EVP of Corporate Affairs Mr. Nazmul Haque Faisal.

The dividend payment highlights IDCOL’s strong financial performance and its continued commitment to driving positive change through strategic investments in key sectors, reinforcing its role in Bangladesh’s journey towards sustainable development and inclusive economic growth.

Unauthorized use or reproduction of The Finance Today content for commercial purposes is strictly prohibited.