Desco incurs loss Tk151cr in July-Sept
Stocks
14 November, 2023, 07:15 pm
Last modified: 14 November, 2023, 07:20 pm
In the last fiscal year, Desco incurred a loss of Tk541 crore.
The Dhaka Electric Supply Company (Desco) Limited incurred a loss of Tk151 crore in the July-September quarter of the fiscal year 2023-24.
The state-owned power supplier incurred the loss due to foreign exchange volatility and sharp fall in distribution revenue due to the disproportional increase in bulk and retail tariff, it said in a press statement.
According to the company, bulk tariff increased by 28.08%, while the retail tariff rose by 15.76%.
In the last fiscal year, Desco incurred a loss of Tk541 crore.
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