Economics

EnerGulf Champions Sustainable Energy Leadership in Sri Lanka

In the evolving landscape of solar energy, driven by technological advancements and growing environmental concerns, effective leadership is crucial for navigating challenges and fostering innovation. EnerGulf, a prominent player in the Sri Lankan solar energy market, exemplifies this commitment with a visionary leadership team dedicated to sustainable energy solutions. This team prioritises the successful implementation

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Finance

Ceylinco Life Invests Rs. 2 Billion as Anchor Investor in DFCC Bank’s First Green Bond

Ceylinco Life has announced its pioneering investment of Rs. 2 billion as the anchor investor in Sri Lanka’s first-ever Green Bond, issued by DFCC Bank. This landmark initiative, opening for subscription today, aims to raise up to Rs. 2.5 billion to fund solar photovoltaic (PV) power generation projects, including ground-mounted, floating, and rooftop solar facilities

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Business

LTL Holdings to Raise Rs. 16 Billion via Largest IPO in Sri Lanka

LTL Holdings, one of Sri Lanka’s leading power conglomerates, announced plans for an Initial Public Offering (IPO) to raise Rs. 16 billion, marking the largest IPO in Sri Lankan history. The offering comes with a greenshoe option to extend the total to Rs. 20 billion. CEO Nuhuman Marikkara stated that Rs. 13.5 billion of the

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Economics

WindForce Achieves Stellar Q1 Performance with 87% Surge in EBITDA

WindForce PLC has reported an exceptional financial performance for the first quarter of the 2024/25 fiscal year, showcasing significant growth across key metrics. The company’s EBITDA surged by an impressive 87%, reaching Rs. 1.95 billion, up from Rs. 1 billion during the same period last year, reflecting the company’s strategic advancements and robust market position.

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