1.Introduction
The Titas Gas Transmission and Distribution Company is the largest natural gas distributor in Bangladesh. This section includes a brief description of the company, the industry structure in which it belongs, financing and dividend policy and the industry analysis.
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1.1Company Description
Corporate Information Name of the Company | : Titas Gas Transmission and Distribution Company Limited (TGTDCL) | Date of Incorporation | : November 20,1964 | Registered Office | : Titas Gas Bhaban,105 Kazi Nazrul Islam AvenueKawran Bazar Commercial Area, Dhaka-1215 | Corporation | : Bangladesh Oil, Gas & Mineral Corportaion (Petrobangla) | Administrative Ministry | : Ministry of Power, Energy & Mineral Resources | Titas Franchise Area | : Greater Dhaka and Greater Mymensingh | First Constructed Pipeline | : Brahmanbaria to Demra 14” DN X100 PSIG X 58 Miles | First Gas Supply | : April 28, 1968 to Siddhirganj Thermal Power Station | Authorised Capital | : Tk. 2,000.00 crore | Paid up Capital (As on June 30, 2012) | : TK. 942.12 crore | Source of Gas supply (Fields) | : Titas, Habiganj, Narsingdi, Kailashtila, Jalalabad, BibiyanaMoulvi Bazar, Rashidpur, Bianibazar & Bangura Gas Fields. | Manpower (As on June 30, 2012) | : 2,446 |
Company Background
Titas Gas T & D Co. Ltd. (TGTDCL) was formed in November 1964 as a joint Stock Company (Under the Company’s Act 1913) of the central Government of Pakistan on the one hand and Pakistan Shell Oil Company on the other, with a view to transmitting and distributing natural gas to the Dhaka city the then provincial capital of Pakistan from the discovered gas field called “Titas” located on the bank of the River Titas, within the close vicinity of the present Brahmanbaria district of Bangladesh.
The basic objective of the Company was to construct, own and operate natural gas