Gal Oya to boost sugar output

Murali Prakash

Gal-Oya Holdings (Pvt) Ltd, which had last year produced sugar at its plant for the first time after an absence of almost 15 years, has plans to cultivate a further 1,300 hectares in the coming year with over 2,200 hectares of land already cultivated, a top official from the firm said. During the year ended March 31, 2013, the company’s total marketable sugar production stood at 3,315.7  metric tons with 53,806.51 metric tons of cane crushed following the production of the commodity in the refurbished factory commencing on July 16, 2012.

Sweet November for JKH

Construction of massive US$820m mixed development project  groundbreaks next month

The construction of the proposed Waterfront Integrated Resort (IR) project of Sri Lanka’s largest listed conglomerate in the Colombo Bourse, John Keells Holdings (JKH), is due to begin in November 2013 where the land is presently in the process of being cleared up, a recent equity research report said.