State-owned power company B-R Powergen Limited has moved a step forward to be listed on the stock market.
A meeting of the Standing Committee on Non-Concessional Loan at the finance ministry on Tuesday approved the company's proposal to start its journey in the share market.
Earlier, the finance minister asked the company to collect funds from the market after it sought credits to construct a 150MW power plant.
B-R Powergen is a joint venture of the Bangladesh Power Development Board and the Rural Power Company Limited. Currently, it is operating a 150MW power plant in Gazipur's Kodda.
The company is constructing a 150MW plant at Bangabandhu Sheikh Mujib Industrial City in Chattogram's Mirsarai which is expected to start commercial operations this year.
Besides, construction of another 150MW plant of the company is underway in Gazipur's Sreepur.
B-R Powergen's revenue was Tk573 crore in 2018-19 fiscal year, and net profit was Tk75.36 crore.