Titas gets tough on Tk747cr dues to apparel, textile makers
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard
MONDAY, MAY 23, 2022
MONDAY, MAY 23, 2022
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
Titas gets tough on Tk747cr dues to apparel, textile makers

Bangladesh

Eyamin Sajid & Reyad Hossain
12 June, 2021, 10:40 pm
Last modified: 13 June, 2021, 10:28 am

Related News

  • RMG sees new investments with strong global demand
  • Gas supply resumes in Dhaka, adjoining areas
  • No gas in Savar, Manikganj for 48 hours from 10 pm Eid day: Titas
  • Apparel workers demand full salary for April before Eid 
  • The South Korean entrepreneur who made Bangladesh his home

Titas gets tough on Tk747cr dues to apparel, textile makers

The BTMA requests Titas to allow factories to clear the dues in installments considering the pandemic-led business slump

Eyamin Sajid & Reyad Hossain
12 June, 2021, 10:40 pm
Last modified: 13 June, 2021, 10:28 am
Titas gets tough on Tk747cr dues to apparel, textile makers

Highlights

  • 625 mills did not pay gas bills for two months to ten years
  • Of them, 165 are members of the Bangladesh Textile Mills Association
  • Titas notifies the association about the members' non-payments
  • Over Tk100 crore dues, the gas supplier snapped connection to Sinha Group Thursday
  • Gas lines to other factories will be cut off if they fail to clear the dues immediately  

With more than Tk747 crore dues to 625 textile and garments manufacturers until May this year, the Titas Gas Transmission and Distribution Company Limited now gets tough to recover the outstanding bills.

On Thursday, Titas cut off the gas line to Sinha Textile Group over the dues of Tk100 crore as the gas supplier failed to recover the amount even after repeated notices and warnings.

According to the gas supplier, other top gas bill defaulters are — Padma Textile Mills Limited, Mother Textile Mills Ltd, Beximco Group and Monno Fabrics Ltd.

The factories did not pay the gas bills from two months to a maximum of around ten years. Since 2018, the government has been bringing in the liquefied natural gas (LNG) as the import bills have to be cleared as soon as the carrier docks. Any delay in the payments meets with additional fines.

The import payments led to a cash crunch in Titas resulting in the distributor to get tough now against the dues.

Titas said it contacted the defaulters over the payments, but did not get the expected feedback. Subsequently, the distributor reached out to the Bangladesh Textile Mills Association (BTMA) and the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) seeking cooperation in due recoveries.

In the meantime, the gas distribution company has ramped up its drives against domestic connections with dues.

Contacted, Titas Gas Managing Director Engineer Ali Iqbal Md Nurullah said, "We sought cooperation from the BTMA and BGMEA. If the factories do not clear the bills, we will have no options but to snap the lines."

"We cannot allow the bills unpaid for years since we are importing the LNG with payments in advance," he added.

Titas, the country's largest gas distribution company, supplies 1,700 million cubic feet of gas per day (mmcfd) in Dhaka and Mymensingh, while its total supply across the country is around 3,295 mmcfd.

'Titas list not updated'

A textile mill owner claimed Titas's list was not updated as his company was on the defaulter list though he cleared the gas bills in time.

As per the Titas list, the company Ishraq Spinning Mills Ltd's outstanding gas bill amounts to Tk4.82 crore.

Fazlul Hoque, the head of the company who is also the senior vice-president of the BTMA, told The Business Standard, "I have been paying the gas bills regularly. But my company is on the list as Titas did not update the payment information."

The BTMA has already sent letters to some of its members asking to clear the gas bills, sources at the association told TBS.

At the same time, the BTMA has also requested Titas to allow the defaulters to clear the dues in installments considering the pandemic-led business slump.

Top News

Titas / Dues / Apparel / textile makers

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Asia’s blistering heatwave has caused hours-long daily blackouts, putting more than 1 billion people at risk. Photographer: Aamir Qureshi/AFP/Getty Images/Bloomberg
    A hot, deadly summer is coming with frequent blackouts
  • No document needed to avail cash incentives for remittance over Tk5 lakh
    No document needed to avail cash incentives for remittance over Tk5 lakh
  • Interbank exchange rate of dollar rises to Tk88
    Interbank exchange rate of dollar rises to Tk88

MOST VIEWED

  • Tk100 for bike, Tk2,400 for bus to cross Padma Bridge
    Tk100 for bike, Tk2,400 for bus to cross Padma Bridge
  • Bangladesh at risk of losing ownership of Banglar Samriddhi
    Bangladesh at risk of losing ownership of Banglar Samriddhi
  • Traffic jam as overturned van rescue takes 6hrs
    Traffic jam as overturned van rescue takes 6hrs
  • PK Halder wants to return home
    PK Halder wants to return home
  • File photo of Mahfuz Anam
    Explanation by Mahfuz Anam
  • Project delays: The Sinohydro case
    Project delays: The Sinohydro case

Related News

  • RMG sees new investments with strong global demand
  • Gas supply resumes in Dhaka, adjoining areas
  • No gas in Savar, Manikganj for 48 hours from 10 pm Eid day: Titas
  • Apparel workers demand full salary for April before Eid 
  • The South Korean entrepreneur who made Bangladesh his home

Features

Musk is denying the sexual harassment allegation that surfaced this week. Photo: Bloomberg

Elon Musk’s crazily banal week 

3h | Panorama
Asus Zenbook 14 Flip OLED: A touch of brilliance to your life

Asus Zenbook 14 Flip OLED: A touch of brilliance to your life

6h | Brands
Keep your phone by your side with this armband

Keep your phone by your side with this armband

4h | Brands
Are Focallure gel masks worth the hype?

Are Focallure gel masks worth the hype?

5h | Brands

More Videos from TBS

Threat of Monkeypox on the horizon

Threat of Monkeypox on the horizon

11m | Videos
Mosque of Mughal period in Gazipur

Mosque of Mughal period in Gazipur

26m | Videos
Photo: TBS

Can Sri Lanka bounce back?

7h | Videos
How to apply for a job at Oxfam

How to apply for a job at Oxfam

8h | Videos

Most Read

1
Tk100 for bike, Tk2,400 for bus to cross Padma Bridge
Bangladesh

Tk100 for bike, Tk2,400 for bus to cross Padma Bridge

2
A packet of US five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron
Banking

Dollar hits Tk100 mark in open market

3
PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire
Crime

PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire

4
Bangladesh at risk of losing ownership of Banglar Samriddhi
Bangladesh

Bangladesh at risk of losing ownership of Banglar Samriddhi

5
BSEC launches probe against Abul Khayer Hero and allies
Stocks

BSEC launches probe against Abul Khayer Hero and allies

6
The story of Bangladesh becoming a major bicycle exporter
Industry

The story of Bangladesh becoming a major bicycle exporter

The Business Standard
Top
  • Home
  • Entertainment
  • Sports
  • About Us
  • Bangladesh
  • International
  • Privacy Policy
  • Comment Policy
  • Contact Us
  • Economy
  • Sitemap
  • RSS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net

Copyright © 2022 THE BUSINESS STANDARD All rights reserved. Technical Partner: RSI Lab