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Govt to buy 1.6cr litres of soybean oil


Published : 22 Feb 2023 10:17 PM | Updated : 23 Feb 2023 04:42 PM

The government will purchase 1.60 crore liters of soybean oil for the Trading Corporation of Bangladesh (TCB) with an estimated cost of Tk 276.64 crore. 

The Cabinet Committee on Government Purchase (CCGP) has given approval to buy this oil from two domestic companies.

Finance Minister AHM Mustafa Kamal chaired the meeting of the CCGP on Wednesday.

Briefing reporters virtually after the meeting, Cabinet Division additional secretary Sayeed Mahbub Khan informed that a total of seven proposals have been approved during the meeting.

He informed that following two separate proposals from the Ministry of Commerce, the state-run Trading 

Corporation of Bangladesh (TCB) would procure some 1.10 crore litres of soybean oil from Meghna Edible Oil Refinery Ltd under local open tender method at a cost of around Taka 190.24 crore where per litre soybean oil would cost Tk 172.95 against the previous price of Tk 177.

Besides, the TCB would also procure some 50 lakh litres of soybean oil from UN Trading, Dhaka under local direct tender method with around Tk 86.40 crore where per litre oil would cost Tk 172.8 against the previous price of Tk 178.45.

On February 8, the CCGP approved the purchase of 1.10 crore liters of soybean oil with the estimated cost of Tk 194.56 crore.

In February, the meeting approved to buy Tk 1.10 crore liters of soybean oil by TCB with an estimated cost of Tk 194.70 crore.

Mahbub said that following two separate proposals from the Ministry of Industries, Bangladesh Chemical Industries Corporation (BCIC) would procure some 30,000 metric tons of bagged granular urea fertilizer from KAFCO, Bangladesh with around Taka 110.20 crore where per ton fertilizer would cost $345.125 against the previous price of $500.125.

Besides, the BCIC would also procure some 30,000 metric tons of bulk granular urea fertilizer from SABIC Agri-nutrients Company, Saudi Arabia at a cost of around Tk 115.53 crore. Under this consignment, per ton fertilizer would cost $361.83 against the previous per ton price of $470.

He also informed that the day's CCGP meeting approved a proposal from the Power Division under which the M/S J&C Impex Ltd. Dhaka has been awarded the contract for collecting and installing related machinery of gas turbine for Shikalbaha 150 MW peaking power plant and for providing necessary consultancy services with around Tk 91.85 crore.

The Cabinet Division additional secretary said that the package number PW-03 under the project for Cox's Bazar-Teknaf Road Development (2nd revised) has been awarded to Max Infrastructure Ltd with around Tk 169.48 crore.

Besides, the meeting also approved a variation proposal of the Road Transport and Highways Division.

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