Paramount Textile PLC, a listed company on the capital market, has taken an initiative to install a rooftop solar power project at its own factory to promote sustainable energy use and reduce carbon emissions. Under this project, the company will purchase electricity from its subsidiary, Paramount Solar Limited, for the next 20 years.

This information was disclosed by sources at the Dhaka Stock Exchange (DSE) on Tuesday .

According to DSE data, a 9.81 MW rooftop solar power plant will be installed at the company’s factory premises located in Gilarchala area of Sreepur upazila in Gazipur. The project will be implemented under the ‘OPEX’ model, with Paramount Solar Limited responsible for its design, construction, operation, and management.

As per the agreement, Paramount Textile will purchase electricity generated from the project at a rate of Tk 8.20 per unit (kilowatt-hour), excluding VAT and AIT. The agreement will remain effective for 20 years from the commencement of the project.

The company stated that the initiative aims to establish an environmentally friendly production system and ensure long-term business sustainability. Notably, Paramount Textile holds 99.99 percent of the paid-up capital of Paramount Solar Limited. The board of directors has also approved the signing of the Power Purchase Agreement (PPA).

According to financial data, the company’s earnings per share (EPS) stood at Tk 2.36 for the first half (July–December) of the 2025–26 fiscal year, compared to Tk 2.46 in the same period of the previous year. The net asset value per share (NAVPS) reached Tk 45.06 as of December 31, 2025.

In the 2024–25 fiscal year, the company provided a 12 percent cash dividend to its investors. During that year, EPS was Tk 6.48, up from Tk 6.02 in the previous year. As of June 30, 2025, NAVPS stood at Tk 43.89.

Paramount Textile, listed on the stock market in 2013, has an authorized capital of Tk 500 crore and a paid-up capital of Tk 179.117 crore. The company holds reserves amounting to Tk 552.95 crore. Of the total shares, 60.95 percent are held by sponsor-directors, 14.06 percent by institutional investors, 4.34 percent by foreign investors, and 20.65 percent by general investors.