East Coast Group (ECG)
East Coast Group (ECG) is one of the fastest growing business conglomerates in Bangladesh. Having more than 30 years of experience in diversified business interests including Trading, Power Generation, Downstream Petroleum, Shipping, Renewable Energy, Plastics & Ceramics Manufacturing, Real Estate, Wood Treatment, Corporate Finance, Banking, Insurance, Tea Production, Logistics and Distribution.
Our maiden journey was started having a lone company as its trading area focusing on oil & gas sector, which is still soaring as the flagship business of the group.
Trading mainly in petroleum, crude oil & base stock followed by their transportation in early eighties & rest of the companies with diversified portfolios gained momentum in nineties. The group became active in different areas of business starting from trading in bulk commodities to investing in manufacturing, real estate, financial intermediaries, bank & insurance sector. The group further expanded its areas of operation to aviation business and development of power stations.
Subsequently, an investment arm was stretched having a merchant-banking license to handle group’s in-house asset management functions including developing its business as independent financial intermediary. In order to capitalize trading activities in bulk in a totally liberated consumer market, a distribution company was launched lately for import & distribution of brand products in the high-end market segment.
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Purchased Omera Queen, largest Oil Tanker of Bangladesh, also form ASP Omera Crew Management in partnership with ASP Group, Australia. Formed Omera Petroleum Limited. with entrance to the LPG sector of Bangladesh. Renamed Mobil Jamuna Fuels Limited (MJFL) as Omera Fuels Limited
Joint Venture with Surana Power & Telecom, India, to form Radiant Alliance Limited. Vertical integration to form Parkesine Products. Also, purchased Omera I through establishment of EC Bulk Carriers
Establishment of EC Distribution Limited. Acquisition of Mobil Jamuna Lubricants Limited from ExxonMobil. Formation of Mobil Jamuna Fuels Limited. Acquisition of Peregrine Capital Limited’s, based out of Hong Kong, Bangladesh operation and re-licensed as Union Capital.
CSR: Mohtasin Ali Chowdhury Secondary & Higher Secondary School /Bakhtunnessa Chowdhury Diabetes Centre
Inauguration of Mohtasin Ali Chowdhury Secondary & Higher Secondary School along with Bakhtunnessa Chowdhury Diabetes Centre