British American Tobacco Bangladesh to invest Tk 60 crore

British American Tobacco Bangladesh Company Limited today said it is going to invest Tk 60.70 crore in order to purchase equipment and a centralised uninterrupted power supply device.

In a filing on the Dhaka Stock Exchange, the multinational company said its board has approved the investment decision.

The company will use the money to purchase winnower tobacco recovery equipment, hinge-lid maker and packer line, and a centralised uninterrupted power supply device.

The investment would enhance the capacity and productivity of the company and would be funded from internal sources and bank financing, the filing said.