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Sri Lanka News

Leading Indian IT company HCL sets up 1st development centre in Sri Lanka.

India's leading IT company HCL has set up its first development centre in Sri Lanka, the Indian High Commission here said recently. Prime Minister Mahinda Rajapaksa, who attended the inauguration ceremony, spoke about Sri Lanka's... Full Story

Sinohydro bags $252.3 million reservoir project

Sri Lanka has awarded a $252.3 million project to Chinese dam builder Sinohydro to construct a reservoir. The cabinet granted approval... Full Story

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NTPC, Ceylon Electricity Board JV to build 500 mw coal power plant at Trincomalee

National Thermal Power Corporation (NTPC) and Ceylon Electricity Board JV to build a 500 mw coal power plant... Full Story

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LATEST HEADLINES FROM MIDDLE EAST AND NORTH AFRICA

Sri Lanka okays two Adani Group power plants with investment over $400 mn.
Struggling to generate power amid the ongoing financial crisis, Sri Lanka has given the go-ahead to two wind power plants by India's Adani Group, an investment amounting to more... Full Story
Ashok Leyland to supply 500 buses to Sri Lanka.
Leading truck and bus maker Ashok Leyland has bagged an order from Sri Lankan Transport Board (SLTB) to supply 500 32-seater buses. The order is a part of a Line... Full Story
Ircon Intl gains on bagging order from Sri Lanka Railways.
Ircon International rose 1.39% to Rs. 65.75 after the company said it has won an order for signalling and telecommunication system from Sri Lanka Railways. Ircon... Full Story
Adani to build plants in SL, active Indian firms near 1.5 mn.
After decades of relative obscurity as an autonomous body of the Department of Telecommunications, the Centre for Development of Telematics (C-DOT) has emerged as the... Full Story
Adani Ports to develop West Container Terminal at Colombo Port.
Adani Ports and Special Economic Zone Ltd. (APSEZ) will develop the West Container Terminal (WCT) at Colombo Port after the Sri Lankan cabinet recently approved the... Full Story
India announces $450 mn line of credit for infra development in Sri Lanka.
India announced a $400-million line of credit for infrastructure development in Sri Lanka within hours of the arrival of President Gotabhaya Rajapaksa amid domestic upheavals in the... Full Story
Mahindra inaugurates its first automotive assembly plant in Sri Lanka.
Auto major Mahindra & Mahindra (M&M) recently announced the inauguration of its local automotive assembly plant near Colombo, Sri Lanka . "Christened Mahindra Ideal Lanka Pvt. Ltd. this assembly... Full Story
IFCO is setting up Rs. 600 million food processing and freezing factory in Homagama
The International Foodstuff Group of Companies (IFCO) is planning to invest Rs. 600 million for the construction of a food processing and freezing factory in... Full Story