RR Holdings Ltd., a conglomerate with operations and investments in the oil and gas sector, the power sector and on textiles sector experienced strong growth across various industries in the past eight years. Recently, its subsidiary Beximco LPG formed a joint venture with the Indian Oil Corporation to market and supply cooking gas to northeast part of India. Also under the agreement the companies will set up a large LPG terminal at a deep-water port in Bangladesh. The terminal will be capable of receiving LPG in very large gas carriers.
Chairman of RR Holdings Ahmed Shayan Fazlur Rahman said that the combined strengths will give the joint venture a strong edge. He believes the venture will become the most trusted, admired and premiere LPG Company of the region in the coming years. He further said that they are determined to offer the safest, smartest and most convenient LPG solutions.
The state minister for power, energy and mineral resources of Bangladesh, Nasrul Hamid, welcomed the move and hoped the project between two experienced players has the potential of being a true game-changer in the LPG industry.
RR Holdings’ textile sector is one of the largest facilities in Bangladesh. It employs over 40,000 people. It serves international brands including Walmart, Zara, JC Penney Tommy Hilfiger, Calvin Klein, Macys and H&M.