Summit

Summit Empowering Bangladesh Summit Industrial & Mercantile Corporation Limited (SIMCL)

SIMCL is the core of Summit. and Khulna Power Company Ltd. i. ii. iii.

It is a holding company established in 1985 sponsoring nineteen different companies of Summit, with a significant interest in integrated infrastructural development. SIMCL is highly regarded for its efficient and ethical business practices with a reputation of excellence and innovation, having a net worth of Tk. 800 crore (USD$115 million). SIMCL being a stakeholder in nineteen different companies

is responsible for financing a substantial number of projects undertaken by these companies and has a direct impact on the sustained growth of these companies. While SIMCL itself is a private limited company, four of its holdings, Summit Power Ltd., Summit Alliance Port Ltd., Oceans Containers Ltd. are publicly listed in the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). As a part of its business strategy Summit continues to grow, implementing innovative and pioneering ideas to empower the infrastructure of Bangladesh. Other entities of Summit include:


Summit Power Limited (SPL)

Presently, Summit Power Limit has operational and under execution projects is excess of 500 MW in different locations of Bangladesh. Summit Turbine Power Plants in association with General Electric (GE). Summit Bibiyana-I Power Company Ltd. Summit Bibiyana-II Power Company Ltd. Summit Meghnaghat Power Company Ltd. Together, these projects have over 1000 MW under development. Khulna Power Company Limited (KPCL)

KPCL currently operates a 110 MW, barge mounted power plant in Khulna and has recently expanded another 115 MW power projects. Summit Communications Ltd (SCL)

SCL holds a Nationwide Telecommunication Transmission Network (NTTN) license and provides fiber optic backbone connectivity to over 35 clients namely Airtel, Qubee, Banglalion in Dhaka. SCL is expanding its fiber optic connectivity nationally and internationally. Cosmopolitan Traders (Pvt.) Ltd (CTPL)

CTPL is a member of the Dhaka Stock Exchange. CTPL along with SIMCL and SHL is in the process of acquiring a commercial bank, leasing company and a general insurance company. Cosmopolitan Finance Limited (CFL)

CFL is currently in its development stage, holding a license to operate as a merchant bank in Bangladesh. Summit Shipping Ltd (SSL)

SSL owns 6 oil tanker vessels and it is the only indigenous Bangladeshi company to be engaged in liquid fuel supply to power plants. SSL is in the process of acquiring 2 ocean going tankers each of 20,000 MT capacity and 2 more coastal tankers within this year. SSL has also implemented ISO 9002 Quality Management System (QMS) in 2001. It is the first ISO 9002 certified shipping company in Bangladesh. Summit Alliance Port Limited (SAPL)

SAPL is an off-dock port service provider including ICD (Inland Container Depot) and CFS (Container Freight Station) facility for both import and export cargo handling on 30 acres of freehold custom bonded Area. It also has two purpose-built warehouses, comprising a total of 227,500 square feet, for handling export cargo with all modern amenities including cross-docking facility. SAPL also has 20,000sft specialized hanger shed for import cargo. SAPL is currently setting up a river terminal in Naryanganj, the first of its kind in Bangladesh under the umbrella of another wholly owned subsidiary, Cemcor Limited.

06/09/2020

It would be an understatement to refer to Summit Power International as an esteemed Bangladeshi local company - Summit is a first-class global enterprise wit...

09/05/2020
03/02/2020

The SPL Board has declared Interim Cash Dividend @15% i.e. Tk. 1.50/- per share on face value of Tk.10/- each based on financials for the half-year ended on 31 December 2019 to the respected shareholders whose names appear in the Register of Members in Central Depository Bangladesh limited (CDBL) of the Company on the Record Date of 24 February 2020, Monday. Details of the SPL half-yearly financial statements: https://bit.ly/38SCL2O

04/01/2020
31/12/2019

Moderated by Mozammel Babu, Managing Director of Ekattor Tv - ৭১ টিভি -- Dr Ahmad Kaikaus, the Principal Secretary to the Honourable Prime Minister and Aziz Khan, Founder Chairman of Summit Group discussed about energy mix, the price of electricity, work-in-progress of Transmission Policy, money market, JERA’s investment and Summit’s corporate leadership capacity to carry on with the responsibility of infrastructure that is of national importance. Watch the entire show: https://youtu.be/WV1GywhGYDc

09/12/2019
08/08/2019

The youth in Bangladesh are talented and hardworking. We are supporting UNICEF Bangladesh to develop employable skills for out-of-school children. Read more: https://bit.ly/31tLyUX

04/08/2019

Summit Power Talk:Episode 18 Guests: IFC's Country Manager (Bangladesh, Bhutan and Nepal) Wendy Werner and Managing Director & CEO of Summit Power Internatio...

31/07/2019

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'Summit Centre' 18 Karwan Bazar C/A
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1215

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