Titas Gas Transmission and Distribution PLC
DDSE:TITASGAS16.90
BDT
+0.20
(+1.20%)
Titas Gas Transmission and Distribution PLC
DSE:TITASGAS
(Dhaka Stock Exchange)
Recent
price
16.90
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Titas Gas Transmission and Distribution PLC is a Bangladesh-based natural gas utility primarily engaged in the transmission, distribution, and marketing of natural gas across the central and north-central regions of Bangladesh. Founded in 1964 and headquartered in Dhaka, Bangladesh, the company operates as a major operating subsidiary of the state-owned Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) under the Ministry of Power, Energy and Mineral Resources. The company's core operations and service offerings comprise high-pressure natural gas transmission through extensive regional trunk pipeline infrastructure; natural gas distribution and retail supply to diverse customer segments, including grid-connected thermal power stations; fertilizer manufacturing complexes; industrial manufacturing facilities; captive power generation plants; compressed natural gas (CNG) motor vehicle refueling stations; commercial enterprises, hotels, and restaurants; tea estates; and residential domestic households; gas pipeline network engineering, construction, operation, and maintenance; customer connection and metering services, including the installation and servicing of conventional mechanical meters, electronic volume corrector (EVC) devices, and smart prepaid gas meters; and gas utility support operations, including network safety inspections, leak detection, emergency repair services, and pipeline integrity management. The company's franchise distribution network covers the districts of Dhaka, Gazipur, Narayanganj, Narsingdi, Munshiganj, Manikganj, Mymensingh, Tangail, Jamalpur, Sherpur, Netrokona, Kishoreganj, and Brahmanbaria. In recent operational and strategic developments, Titas Gas Transmission and Distribution PLC has accelerated the large-scale deployment of smart prepaid gas meters across residential, commercial, and industrial zones to enhance billing efficiency, reduce unaccounted-for gas (UFG), and curb system loss. The company has also advanced extensive pipeline rehabilitation and network replacement initiatives to upgrade aging low-pressure distribution grids in metropolitan Dhaka, accommodate imported regasified liquefied natural gas (RLNG) volumes distributed from the national transmission network, implement automated digital telemetry and online billing platforms, and execute intensified enforcement drives to disconnect unauthorized distribution lines and combat illegal gas consumption.