Production on at Dinajpur Madhyapara mine amid Covid | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Tuesday
July 22, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
TUESDAY, JULY 22, 2025
Production on at Dinajpur Madhyapara mine amid Covid

Economy

Bipul Sarker Sunny
08 May, 2021, 01:15 pm
Last modified: 08 May, 2021, 01:20 pm

Related News

  • Maddhapara's hard-to-sell hard rocks
  • Stone export to Tripura thru Akhaura port on the decline
  • Hard rock mining resumes today after four and half months
  • Who made Scotland's Broch in the Iron Age?
  • Stone imports stop at Tamabil Port

Production on at Dinajpur Madhyapara mine amid Covid

A record one lakh ton of stones was sold this last April

Bipul Sarker Sunny
08 May, 2021, 01:15 pm
Last modified: 08 May, 2021, 01:20 pm
Representational Photo of stone mine. Photo: Collected
Representational Photo of stone mine. Photo: Collected

It is business as usual at The Maddhapara Granite Mining Company Limited (MGMCL) in Dinajpur when everything is practically stagnant due to the Covid-19-induced lockdown.

Last April, the company sold a record one lakh tonne of stones, with a selling price of over Tk20 crore. The company's stone sales have never crossed 1 lakh before. The highest sales were 80,000 tonnes in a month.

Not only that, the mining company is hoping to benefit from this mine for the third time.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Contracting company German Trust Consortium (GTC) has continued to extract stone from the Madhyapara mine in three shifts to provide high-quality stone for the development of the country.

When the lockdown was imposed to curtail Covid-19 infection, more than 3,000 people and traders directly and indirectly involved in mining and stone transport, feared the mine would close.

Hundreds of workers were in fear of becoming unemployed. But all fears have been allayed when the extraction and sale of stones has remained normal.

The Madhyapara granite mine, the country's only productive stone mine, has achieved its production target despite the Covid-19 outbreak. The record amount of stone extraction by GTC has surpassed previous stone sales records for the month of April.

According to mine sources, 1.60 lakh tonnes of stone are in stock at different yards of the mine.

Due to the huge sales of stone, Madhyapara stone mine will count a profit in the current financial year (2020-2021) for the third time and officials and employees will get a profit bonus like in the last two financial years, hoped people concerned.

200 officials and 750 workers, including locals and foreigners, are working in three shifts at the Madhyapara stone quarry.

The company had set a target of extracting 5,500 tons of stone per day and it is extracting that much stone daily.

Madhyapara Granite Mining Company Limited started commercial production on 25 May 2007. In February 2014, the German Trust Consortium-GTC was awarded the contract for the production and maintenance of the mine for the extraction of 92 lakh tons of stone.

According to mine sources, the Madhyapara stone mine made a profit in the financial year 2018-2019 for the first time since production began in 2007.

The net profit of the mine for this financial year was Tk7.26 crore and it deposited Tk33.02 crore in the government treasury.  It extracted 1,067,646.63 tonnes of stone this year. Of this, the company sold 731,493.56 tonnes of stone for Tk1,631,495,000.

In the last 2019-2020 financial year, despite being closed for four and a half months due to the Covid-19 situation, the company extracted 8,23,959.10 tonnes of stone. Including previous reserves, it sold 6,64,906.52 tonnes of stone this year for Tk207,81,37,000. The company deposited Tk22,06,43,000 in the government treasury this year. Besides, it has earned Tk22.40 crore net profit.

Abu Taleb Faraji, general manager of MGMCL, said that last April more than one lakh tons of stone with an estimated value of over Tk20 crore, was sold.

"There is no problem with Covid-19 infection as we are following hygiene rules strictly," he added.

There are 1.60 lakh tons of stone in stock. On average, the company extracts 4,000 tons of stone from the mine every day and sells 5,000 tonnes. 

"The mine has been profitable for the last two years and hopefully it will continue like that this year," said the general manager of MGMCL.

Top News

Maddhapara Granite Mining Company Limited (MGMCL) / Stone / Stone mine / German Trust Consortium (GTC) / Madhyapara stone mine

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • An ambulance crowded in the aftermath of the plane crash in the capital on 21 July. Photo: Syed Zakir Hossain/TBS
    Wails of despair and pain reverberate at national burn institute
  • The jet plane charred after crash on 21 July at the Milestone school premises. Photo: Mehedi Hasan/TBS
    Apocalypse at school 
  • Photo was taken on 21 July by Syed Zakir Hossain/ TBS
    Govt to bear full treatment costs for Milestone plane crash victims

MOST VIEWED

  • Training aircraft crashes at the Diabari campus of Milestone College on 21 July 2025. Photo: Courtesy
    BAF jet crash at Milestone school: At least 20 including children, pilot dead; 171 hospitalised
  • Flight Lieutenant Md Towkir Islam. Photo: Collected
    Pilot tried to avoid disaster by steering crashing jet away from populated area: ISPR
  • TBS Illustration
    US tariff: Dhaka open to trade concessions but set to reject non-trade conditions
  • 91-day treasury bills rate falls 1.13 percentage points to 10.45% in a week
    91-day treasury bills rate falls 1.13 percentage points to 10.45% in a week
  • An idle luxury: Built at a cost of Tk450 crore, this rest house near Parki Beach in Anwara upazila has stood unused for six months. Perched on the southern bank of the Karnaphuli, the facility now awaits a private lease as the Bridge Division seeks to put it to use. Photo: Md Minhaz Uddin
    Karnaphuli Tunnel’s service area holds tourism promises, but tall order ahead
  • Bangladesh declares one-day state mourning following plane crash on school campus
    Bangladesh declares one-day state mourning following plane crash on school campus

Related News

  • Maddhapara's hard-to-sell hard rocks
  • Stone export to Tripura thru Akhaura port on the decline
  • Hard rock mining resumes today after four and half months
  • Who made Scotland's Broch in the Iron Age?
  • Stone imports stop at Tamabil Port

Features

Illustration: TBS

Uttara, Jatrabari, Savar and more: The killing fields that ran red with July martyrs’ blood

4h | Panorama
Despite all the adversities, girls from the hill districts are consistently pushing the boundaries to earn repute and make the nation proud. Photos: TBS

Despite poor accommodation, Ghagra’s women footballers bring home laurels

1d | Panorama
Photos: Collected

Water-resistant footwear: A splash of style in every step

1d | Brands
Tottho Apas have been protesting in front of the National Press Club in Dhaka for months, with no headway in sight. Photo: Mehedi Hasan

From empowerment to exclusion: The crisis facing Bangladesh’s Tottho Apas

2d | Panorama

More Videos from TBS

More training plane crashes in Bangladesh

More training plane crashes in Bangladesh

4h | TBS Today
Bird's Eye View of the Sirased Plane Rescue Operation

Bird's Eye View of the Sirased Plane Rescue Operation

5h | TBS Today
How law enforcement is carrying out rescue operations

How law enforcement is carrying out rescue operations

6h | TBS Today
News of The Day, 21 JULY 2025

News of The Day, 21 JULY 2025

7h | TBS News of the day
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net