BATBC will invest Tk 192cr to increase production

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Online Desk :

The board of directors of British American Tobacco Company (BATBC), a multinational company listed in the food and allied sectors, has decided to invest Tk 192cr to boost production. Dhaka Stock Exchange (DSE) sources said on Thursday (February 18).

According to sources, the company wants to increase production at its Savar factory to increase cigarette exports from Bangladesh. For this, the company has decided to invest Tk 192.5 crore. It has been decided that this investment will be made from the company’s own funds.

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According to company sources, the company’s factory in Savar is expanding its business to produce export-oriented cigarettes. 192 crore 50 lakh will be invested for this. This money will be invested from the company’s own funds.

The company has announced 300pc cash and 200pc bonus for its shareholders after reviewing its audited financial statements for the financial year ended December 31, 2020.

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