GPH Ispat

GPH Ispat Limited (Bengali: জিপিএইচ ইস্পাত লিমিটেড) is a public limited steel manufacturing company based in Chittagong, Bangladesh.[1][2][3][4][5]

GPH Ispat Limited
Native name
জিপিএইচ ইস্পাত লিমিটেড
Public Limited
Traded asDSE: GPHISPAT
CSE: GPHISPAT
IndustryHeavy engineering
GenreSteel
Founded17 May 2006 (2006-05-17)
FounderMohammed Jahangir Alam
HeadquartersCrown Chamber, Asadganj-325,
Chittagong
,
Bangladesh
Key people
  • Mohammed Alamgir Kabir (Chairman)
  • Mohammed Jahangir Alam (Managing Director)
Revenue
  • BDT 8,852,348,395
 (2019)
  • BDT 564,863,298
 (2019)
Total assets
  • BDT 28,143,284,086
 (2019)
ParentGPH Group
Websitewww.gphispat.com.bd

Name

GPH is the acronym of "God fearing", "Plain living" and "High Thinking". Ispat is the transliteration of the Bengali word ইস্পাত which means Steel.

History

The company was founded on 17 May 2006 and started its operation in 2008.[6] It was listed as a public limited company in 2012.[5]

In 2016, the company started its expansion project in Sitakunda, Chittagong in association with Primetals Technologies, a joint venture of Siemens VAI and Mitsubishi Heavy Industries & Partners as the equipment supplier. The company invested around US$200 million for the 0.8 MTPY steel manufacturing facility.[7] The new mill uses a Quantum electric arc furnace, a ladle furnace, a three-strand, high-speed continuous billet caster, and a bar and section mill. It uses WinLink Flex technology for rolling mill for the first time in world.[8] The company raised US$154 million from 12 financial institutions for its expansion project in May 2016.[9]

Environmental issue

In April 2019, Forest department of Bangladesh Government filed a case against GPH Ispat Limited for constructing a makeshift dam on the stream of a reserve forest in Sitakunda to secure water supply for its new factory.[10] Later on, GPH ispat published a clarification through national dailies. According to them, it was a pre-preparatory work of the rain water harvesting project, not makeshift dam.[11]

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gollark: Of course, if you are okay with manually feeding them ender chests or something, it ought to be much more practical to make a swarm which can make itself more turtles.
gollark: Turtles can craft turtles. It's just very hard to make them individually capable of doing all the steps.

See also
  • BSRM Steels Limited

References
  1. Mufazzal, Mohammad (2019-06-09). "GPH Ispat sees steady growth in net profit, turnover in last three FYs". The Financial Express. Dhaka. Archived from the original on 2019-07-25. Retrieved 2019-07-25.
  2. "GPH, German company reach agreement". Daily Sun. Dhaka. 2017-08-25. Archived from the original on 2019-07-25. Retrieved 2019-07-25.
  3. "CCC, GPH Ispat sign pact to beautify the port city". Daily Asian Age. Dhaka. 2018-11-18. Retrieved 2019-07-25.
  4. "GPH Ispat signs deal with a foreign firm for expansion". The Daily Star. Dhaka: The Daily Star (Bangladesh). 2016-01-16. Archived from the original on 2019-07-25. Retrieved 2019-07-25.
  5. "GPH Ispat to invest Tk 1,700cr for expansion". The Daily Star. Dhaka. 2016-01-14. Archived from the original on 2019-07-25. Retrieved 2019-07-25.
  6. "GPH Ispat". GPH Ispat. 2018-01-14. Archived from the original on 2019-07-25. Retrieved 2019-07-25.
  7. "GPH Ispat signs deal with a foreign firm for expansion". The Daily Star. 2016-01-21. Retrieved 2019-09-27.
  8. admin@steelguru.com. "Primetals Technologies to supply new Minimill with EAF Quantum and WinLink to GPH Ispat in Bangladesh". SteelGuru India. Retrieved 2019-10-11.
  9. "GPH Ispat secures $154m in biggest syndicated loan". The Daily Star. 2016-05-29. Retrieved 2019-10-11.
  10. "Dam makeshift, damage extensive". The Daily Star. 2019-04-28. Retrieved 2019-09-27.
  11. GPH Ispat (2019-04-30). "Clarification". The Daily Star. Retrieved 2019-10-11.
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