Dhaka Electric Supply Co. Ltd.
DDSE:DESCO23.00
BDT
0.00
(0.00%)
ISIN
BD0307DESCO9
Return %
Stock
S&P 500
1Y
17.95
14.39
3Y
-37.16
81.42
5Y
-43.07
68.62
Capital Structure
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- CEO
- Shameem Ahmed
- Full Time Employees
- 1,973
- Sector
- Utilities
- Industry
- Electric utilities
- Address
- Dhaka Bangladesh
- IPO Date
- Jul 18, 2006
- Website
- desco.gov.bd
- Similar Companies
- Business
- Dhaka Electric Supply Company Limited (DESCO) is a Bangladesh-based electric utility company primarily engaged in the distribution and retail supply of electricity to residential, commercial, industrial, and agricultural consumers across the northern metropolitan areas of Dhaka and adjoining regions. Founded in 1996 and headquartered in Dhaka, Bangladesh, the company operates under the administrative authority of the Power Division of the Ministry of Power, Energy and Mineral Resources and functions as a subsidiary of the Bangladesh Power Development Board. DESCO manages power distribution across a franchise territory spanning approximately 245 square kilometers, encompassing Mirpur, Uttara, Gulshan, Banani, Baridhara, Badda, Kafrul, Pallabi, Tongi Town in Gazipur, and the Purbachal New Town development. The company's core operations and service offerings comprise high-voltage and medium-voltage electricity distribution through 132/33 kV and 33/11 kV grid substations; overhead and underground electrical transmission and distribution line networks; Advanced Metering Infrastructure (AMI) and smart prepaid metering solutions; automated meter reading (AMR) and unified prepayment billing systems; digital utility services including online application and approval workflows for new connections, load upgrades, and tariff management via its Customer Service Management System (CSMS); distribution transformer maintenance and grid monitoring; Supervisory Control and Data Acquisition (SCADA) network monitoring; and Geographic Information System (GIS)-based network asset mapping and fault management services. In recent operational developments, DESCO has accelerated major grid modernization and digitization initiatives, including the conversion of overhead distribution cables to underground cable networks and the execution of the Dhaka Underground Substation Construction Project in high-density urban corridors such as Gulshan. The utility has also broadened its smart grid infrastructure through the continued mass rollout of smart prepaid electricity meters to curb system losses and enhance revenue collection, integrated automated SCADA and GIS platforms for real-time distribution control, and advanced grid expansion projects supported by international development partners to reinforce distribution capacity and power reliability across emerging development zones like Purbachal Smart City.