Meghna Petroleum PLC
DDSE:MPETROLEUM208.90
BDT
+2.70
(+1.31%)
ISIN
BD0310MPL000
Return %
Stock
S&P 500
1Y
-0.19
14.20
3Y
2.60
81.12
5Y
7.51
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Mohammed Abu Saleh Iqbal
- Full Time Employees
- 348
- Sector
- Distribution services
- Industry
- Wholesale distributors
- Address
- Chittagong Bangladesh
- IPO Date
- Nov 14, 2007
- Website
- mpl.gov.bd
- Similar Companies
- Business
- Meghna Petroleum PLC is a Bangladesh-based downstream energy company primarily engaged in the procurement, storage, transportation, distribution, and marketing of refined petroleum products, lubricants, and allied petrochemical derivatives. Operating as a subsidiary of the state-owned Bangladesh Petroleum Corporation (BPC), the company functions as one of the country's principal national fuel distributors, organized across two main operating segments: Petroleum Products and Lubricating Oil & Grease. The company's product portfolio comprises: refined petroleum fuels, including High-Speed Diesel (HSD), Motor Spirit (MS/Petrol), High Octane Blending Component (HOBC/Octane), Superior Kerosene Oil (SKO), Light Diesel Oil (LDO), and Furnace Oil (FO); aviation fuels, including Aviation Turbine Fuel (ATF/Jet A-1); automotive and industrial lubricants and greases, marketed under long-standing distribution agreements with global brands such as BP and Castrol; and specialty non-fuel petrochemical products, including Bitumen, Jute Batching Oil (JBO), Liquefied Petroleum Gas (LPG), and battery water. Meghna Petroleum PLC supplies state-owned and independent power plants, maritime vessels, aviation operators, railway systems, agricultural users, and retail consumers through an extensive supply network comprising a main marine installation in Patenga, inland river and rail depots across Bangladesh, and more than 800 franchised retail filling stations. Founded on December 27, 1977, the company is headquartered in Chattogram, Bangladesh, and trades on the Dhaka Stock Exchange and Chittagong Stock Exchange under the ticker MPETROLEUM. In recent developments, Meghna Petroleum PLC has focused on infrastructure modernization, operational automation, and alternative fuel integration across its retail network. The company has initiated the implementation of a turnkey Terminal Automation System at its main installation in Patenga, Chattogram, modernizing bulk fuel offloading, automated tank gauging, and loading-gantry operations to enhance efficiency and inventory accountability. To capitalize on alternative vehicle fuels, the company has expanded its network of autogas (LPG) dispensing and vehicle conversion facilities across authorized retail filling stations through strategic royalty-based agreements with private LPG operators, including BM Energy (BD) Limited, Petromax LPG, and Omera Gas One. Additionally, Meghna Petroleum PLC has executed depot modernization programs, including storage tank maintenance, calibration, and pipeline infrastructure refurbishments at key distribution centers such as the Fatullah and Chandpur depots to maintain supply chain resilience. The company has also completed its formal corporate nomenclature transition to Meghna Petroleum PLC in compliance with regulatory standards and enacted board-level governance changes, including the appointment of new leadership to guide its ongoing logistics modernizations and strategic market initiatives.