The story
Confidence Group was established in 1991 with the founding of Confidence Cement Limited by Kazi Shahidul Islam, Khurshid Anwar, Rezaul Karim, and Rupam Kishore Barua. Confidence Cement is listed on the Dhaka Stock Exchange.
The company was established Confidence Power in 2000. In 2002, Confidence Group established a partnership with Asian Paints to form Asian Paints Bangladesh Limited (APBL).
Confidence Group signed an agreement with Bangladesh Power Development Board in 2011 to build an oil based powerplant in Chittagong in partnership with Rurelec PLC Limited and Energypac Power Generation Limited.
During the COVID-19 pandemic in Bangladesh, Bangladesh Independent Power Producers Association and Confidence Group distributed 2000 protective clothing to Bangladesh Police, Bangabandhu Sheikh Mujib Medical University, Kuwait Bangladesh Friendship Government Hospital, and Bangladesh Fire Service and Civil Defence. It donated 2 million BDT worth of testing kits in partnership with Shakib Al Hasan Foundation. Confidence Group received permission to build a 660 MW natural gas powerplant in Chittagong. Confidence Infrastructure Limited established a geotextile plant in Narayanganj District in June 2022. Former chairman of Confidence Group, Shamsul Alam, died in December 2022 from cancer.
In February 2023, Confidence Group signed a banking agreement with BRAC Bank Limited. Confidence Cement issued preference share worth 1.5 billion BDT.
From Wikipedia’s article on Confidence Group, shared under CC BY-SA 4.0.3