Paramount Textile PLC, a prominent player in Bangladesh’s textile industry listed on the Dhaka Stock Exchange (DSE), is taking a significant step toward sustainability. The company has announced plans to install a 9.81 MW rooftop solar power project at its factory premises to ensure sustainable energy and reduce carbon emissions.
According to data released by the DSE on Tuesday (March 17), the solar project will be located at the company’s manufacturing facility in Gilarchala, Sreepur, Gazipur.
Strategic Partnership and “Opex” Model
The project will be implemented under the Opex (Operating Expenditure) model. Paramount Solar Limited, a subsidiary in which Paramount Textile holds a 99.99% stake, will be responsible for the design, construction, operation, and management of the facility.
Under the Power Purchase Agreement (PPA) recently approved by the Board of Directors, Paramount Textile will purchase electricity from its subsidiary at a rate of Tk 8.20 per unit (excluding VAT and AIT). This agreement is set to remain effective for a period of 20 years once the project becomes operational.
The management emphasized that this initiative is a core part of their strategy to build an eco-friendly production system and ensure long-term business sustainability.
Financial Performance Snapshot
The announcement comes alongside the company’s recent financial disclosures for the 2025-26 fiscal year:
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Half-Yearly Earnings (July-Dec 2025): The company reported an Earnings Per Share (EPS) of Tk 2.36, a slight decrease from Tk 2.46 during the same period in the previous year.
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Net Asset Value (NAVPS): As of December 31, 2025, the NAVPS stood at Tk 45.06.
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Previous Fiscal Year (2024-25): Paramount Textile declared a 12% cash dividend for its shareholders, following an annual EPS of Tk 6.48.
Corporate Structure
Listed on the capital market since 2013, Paramount Textile maintains a strong financial profile:
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Authorized Capital: Tk 500 crore.
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Paid-up Capital: Tk 179.11 crore.
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Reserve Fund: Tk 552.95 crore.
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Shareholding Pattern: Sponsors and directors hold 60.95% of the shares, while institutional investors hold 14.06%, foreign investors 4.34%, and general public investors 20.65%.
By transitioning to renewable energy, Paramount Textile joins a growing list of Bangladeshi manufacturers investing in green technology to remain competitive in the global market, where environmental compliance is increasingly scrutinized.
