Equity Insight on Navana CNG Limited

Category: Equity Investments

Country or region: Bangladesh

Navana CNG Limited, a sister concern of Navana Group, is one of the leading CNG service provider in Bangladesh.The Company is involved in the business of conversion of petrol and diesel vehicles to Compressed Natural Gas (CNG) driven vehicles, CNG Re-fuelling stations and other related services.The company has three subsidiaries named Navana Engineeing Limited, Navana Welding Electrode Limited and Navana LPG limited. Navana CNG Ltd. has completed a BMRE program for its subsidiary ‘Navana Engineering Limited’. It has doubled total production capacity of the concern. LPG project of the company under its new fully owned subsidiary, Navana LPG Limited, has commenced its operation on recently. The new project is likely to generate handsome growth in the consolidated financials of the company. 
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