Bangladesh Lamps to make plastic parts for tube lights

Bangladesh Lamps is going to set up a production line to manufacture plastic parts for tube lights, said the company today.
The production line will be established with an investment of Tk 1.11 crore at its existing factory in Narsingdi's Shibpur.
The cost of the project will be met through bank borrowing, said Bangladesh Lamps in a disclosure on the Dhaka Stock Exchange.
The board of the company has also decided to outsource general lighting service (GLS), or traditional design light bulbs, and discontinue the GLS production line.
Shares of Bangladesh Lamps remained unchanged at Tk 252.20 at 1 pm at the DSE today.
The company registered a decline in its net profit to Tk 1.07 crore in the July-March period of the financial year of 2022-23, according to its unaudited financial statements.