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Lanka Special Steels strikes while the iron is hot

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S.D.R. Arudpragasam, Chairman of E.B. Creasy Group (on left) with Pravin De Silva, Director - Chief Executive Officer- Lanka Special Steels Ltd. Pic by Nishendra Silva

* Riding the wave ever since E. B. Creasy acquired TATA Steel

* Penetrating the lucrative South Indian market

* New manufacturing facility worth Rs. 1.3 bn to deal with production capacity challenges

* Company working on direct exports to Canada, South Africa and the Middle East

By Sanath Nanayakkare

Lanka Special Steels Limited (LSSL), the leading GI wire manufacturer in Sri Lanka has been strengthening its position in the export market since it was acquired by E. B. Creasy & Co. PLC from TATA Steel in 2015. Today the company is leveraging its success on five pillars. They are namely; its strategic capacity add-ons, its knowhow gained from India’s TATA Steel, sourcing of best raw materials, use of world-class European machinery and feeling the pulse of the South Indian market which creates significant effects of transactions on the company’s balance sheet.

These facts were revealed to the media by Pravin De Silva, Director – Chief Executive Officer- LSSL after the Company which was earlier known as TATA Steel, unveiled its new state-of-the-art manufacturing facility at Lanka Industrial Estate (LINDEL), in Sapugaskanda on Monday.

“We have established relationships with Hindustan Zinc, TATA Steel, JSW Steel, and other internationally reputed suppliers for raw materials. So LSSL guarantees the use of high-quality inputs resulting in superior finished products of unparalleled quality. For example, our hot dipped Gi wire is the only one with SLS 139:2003, and our barbed wire possesses the SLS 31:1988 certification as the only barbed wire in the market with SLS certification. So we are successfully exporting to the U.S.A. Canada, India and many other countries. Lanka SSL has obtained Bureau of Indian standard certificate of IS 280 for galvanized steel wire in order to supply to Indian market. South India is a good market for us. There are two reasons for this. One thing is South India is freight-friendly. And the other thing is most of the GI wire producers in India are located in North India – about 1000 kms from South India. But the distance between Sri Lanka and South India is less than 100 kms. This is a great advantage for us to penetrate into South Indian market. As a former TATA company we have all the knowhow and we understand the requirements of South Indian customers and already a sizable business comes from South India” Pravin De Silva said.

“As the domestic market is going through a tough time, we are planning to export 70% of our products and sell the balance 30% in the domestic market. Earlier we were selling about 90% of our products in the domestic market. Now we see that there is enough scope for exporting our products. However, in catering to the export market, we saw that our production capacity was a bottleneck. So we had to address that issue and that’s why we set up a new plant in Sapugaskanda with an investment of Rs. 1.3 billion,” he said.

“Currently we are exporting to the U.S.A. indirectly. I mean, we export to the U.S.A through Trinity Steel. Trinity is exporting hard wire nails and we supply them with 75% of their GI wire requirement. They produce about 1,000-1,500 metric tons a month. We supply GI wire to them and they export the end-product. Earlier they were importing 100% of their GI wire requirement and we were able to stop that foreign currency outflow. increase its production capacity from 15,000 MT to 30,000 MT per annum

“If we produce at the full capacity of 30,000 per annum – that will come to about USD 50 million foreign currency savings per year. With the capacity add-on, we are planning direct exports to Canada, South Africa and the Middle East. We are now working on to capture these markets. There’s a good demand for the end-product in countries such as Canada. That’s not for GI wire but for the end-product such as wire nails, hangers etc. Currently we are manufacturing an L-shaped article for Canada now which we export one or two containers every month. Our domestic value addition to the products is about 30%-35%,” he said.

He said that with the appreciation of the rupee, the company’s profit margin has reduced but at the end of the day what is important for the company is volume and that’s why they are trying to increase production volume to ensure a healthy balance sheet.

He noted that the Free Trade Agreement with India helps LSSL to enter the Indian market with a 5% duty benefit.

Further speaking he said: “In 2020, the domestic demand was about 13,000-16,000 tons out of which we supplied 75%-80%. Now the demand has gone down. We realized that with our capabilities, knowledge and experience we could easily reach the export market. When exporting we can’t be an on and off supplier. We had to be a serious player. Now we have everything in place to be a serious player in the export market.”

He concluded by saying that investing in a down market makes sense when you can reap its benefits in a turnaround.”

Arudpragasam, Chairman of E.B. Creasy Group said that the new plant can break even at 15-20% of its production capacity.



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Champa Stores Marks 70 Years of Trusted Service in Kandy

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Employees of Champa Stores in Kandy

A longstanding fixture in Kandy’s commercial landscape, Champa Stores marks its 70th anniversary this year, underscoring a legacy built on trust, reliability and consistent quality across a diverse range of products and services.

Founded in 1956 by Wimaladasa Weeraratne, the business traces its origins to a modest beginning when three brothers from Matara relocated to Kandy in the 1950s in search of opportunity. Their entrepreneurial drive would go on to shape a lasting contribution to the city’s commercial life.

While Wimaladasa established Champa Stores, his brothers carved out their own successful ventures. Dharmadasa Weeraratne founded Devon, while Daya Weeraratne established Bakehouse. Both enterprises have since become well-known names in the city’s hospitality and bakery sectors, with Devon further expanding to include the The Grand Kandyan Hotel. Today, all three businesses continue to operate under the stewardship of the family’s next generation.

Over the decades, Champa Stores has evolved into a prominent retail and service hub, offering a wide selection of products ranging from mobile phones and laptops to audio equipment, accessories and sports goods. Its printing division, in particular, has earned a strong reputation for delivering high-quality services in Kandy.

Despite its growth, the business has retained the personal touch that has endeared it to generations of customers. Longtime patrons point to knowledgeable staff, dependable after-sales service and a customer-focused approach as key factors behind its enduring appeal.

Currently employing over 50 staff members, the business is managed by Chapa Weeraratne, representing the second generation of family leadership.

As it celebrates seven decades in operation, Champa Stores stands as one of Kandy’s enduring family-run enterprises—demonstrating that a reputation built on trust and service can successfully span generations.

 By S.K Samaranayake 

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Dialog Voted Service Brand and Telecommunication Brand of the Year at SLIM-KANTAR People’s Awards 2026

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Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, announced that it has been recognised as the ‘Service Brand of the Year’ for the 5th time and the ‘Telecommunication Brand of the Year’ for the 15th consecutive year at the SLIM-KANTAR People’s Awards 2026, held on 18 March 2026. Voted by Sri Lankans through a nationwide consumer survey, the recognition reflects the continued preference for Dialog’s services and the trust placed in the brand across the country.

 Since its inception in 2007, the SLIM-KANTAR People’s Awards have been based on consumer sentiment across multiple categories, recognising brands and individuals through public perception as an independent measure of brand affinity.

Supun Weerasinghe, Director / Group Chief Executive of Dialog Axiata PLC said, “We are grateful for this continued confidence, which reinforces the responsibility we carry in serving millions of customers across the country. As we continue to evolve our services and digital platforms, our focus remains on delivering consistent, high-quality experiences while staying true to our purpose of empowering and enriching Sri Lankan lives and enterprises.”

As a recognition shaped by the voice of consumers across the country, these accolades reflect Dialog’s continued relevance in a rapidly evolving digital landscape, underscoring its role in supporting the connectivity needs of individuals, homes and businesses across Sri Lanka.

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ISRAs of Sri Lanka – Protecting Hidden Shark and Ray Hotspots

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Palk Bay ISRA

When you think of sharks in Sri Lanka, your mind probably goes to the sleek blacktip reef sharks gliding through the reefs of Pigeon Island. But what most people don’t realise is that Sri Lanka is home to over 100 species of sharks and rays—ranging from reef dwellers and open-ocean giants to mysterious deep-sea, with some juvenile bull sharks being found even in freshwater!. They’re scattered across almost every part of the coastline, from coral reefs and estuaries to muddy lagoons and inland waterways. Yet despite their presence, these fascinating creatures remain deeply misunderstood and largely unprotected in national conservation efforts.

Chances are, if you’ve eaten karawala (dried fish) in Sri Lanka, you’ve possibly eaten shark—without even knowing it. Shark meat often ends up in local markets with no species names, and no questions asked. But here’s the catch: unlike fast-growing fish like sardines or mackerel, most sharks and rays grow slowly, mature late, and have very few offspring. Some only give birth once every couple of years. That means that their populations are usually precarious and they are sensitive even to small-scale fishing operations, which push their populations into serious decline. And in Sri Lanka, while vessel sizes are smaller in comparison to many developed countries, the number of vessels combined with their fishing techniques has resulted in the depletion, and in the case of sawfishes, a likely local extinction.

That’s where Important Shark and Ray Areas (ISRAs) come in. ISRAs are a global science-based tool designed to designate places that matter most for sharks, rays, and chimaeras. They aren’t marine protected areas and don’t come with legal restrictions—but they highlight critical habitats based on rigorous scientific criteria. These include areas used for breeding, feeding, migration, or home to rare, threatened, or range-restricted species.

In 2024, after a thorough review and vetting process, five (of the seven) proposed areas from Sri Lanka were formally designated as ISRAs

Bathalangunduwa Island, located on the fringes of the shallow coastal Puttalam Lagoon and off the coast of Wilpattu National Park in northwestern Sri Lanka, qualifies as an ISRA based on the presence of the threatened Winghead Shark (Eusphyra blochii). This area meets two ISRA criteria: it supports a vulnerable species and functions as a reproductive habitat.

Palk Bay, a shallow, semi-enclosed water body shared between India and Sri Lanka, qualifies as an ISRA due to the presence of multiple important species. These include the threatened Shorttail Whipray (Maculabatis bineeshi), the range-restricted Sharpnose Guitarfish (Glaucostegus granulatus), and reproductive populations of the Grey Sharpnose Shark (Rhizoprionodon oligolinx). This was one of the few trans-boundary ISRAs covering both Indian, and Sri Lankan waters.

Pasikudah & Kalkudah, a coastal stretch in Sri Lanka’s Batticaloa District, is known for its coral reefs and nearshore shark activity. This ISRA qualifies due to the presence of threatened and range-restricted species, such as the Stripenose Guitarfish (Acroteriobatus variegatus).

Punnakuda Canyon, a deep-sea canyon located just offshore from Pasikudah & Kalkudah and beyond the boundaries of the coastal ISRA, qualifies based on the presence of threatened and range-restricted deep-sea species, including the Indian Swellshark (Cephaloscyllium silasi).

Pigeon Island, the only ISRA in Sri Lanka that overlaps with a Marine Protected Area—the Pigeon Island Marine National Park—qualifies due to the presence of threatened species and undefined aggregations, notably the Blacktip Reef Shark (Carcharhinus melanopterus).

These areas are already designated ISRAs. In addition to this Sri Lanka also has two “Areas of Interest”; Koddiyar Bay and Hikkaduwa.

While these ISRAs don’t enforce protection on their own, except for Pigeon Island, which happens to overlap with an already established National Park, they’re a vital starting point. They help guide where marine protected areas might be placed, where fishing regulations could be refined, and where development should tread carefully. For Sri Lanka, ISRAs offer a powerful chance to align conservation and fisheries planning before it’s too late.

Most importantly, ISRAs are created using available scientific knowledge. Organisations like Blue Resources Trust (BRT) were able to contribute to the designation of ISRA’s due to long-term monitoring of shark and ray fisheries across the country. BRT has built the largest dataset on Sri Lankan sharks and rays, thanks to contributions from the Tokyo Cement Group, the Save Our Seas Foundation (SOSF), the Marine Conservation and Action Fund (MCAF) of the New England Aquarium, the Hong Kong Ocean Park Conservation Foundation (OPCFHK), the Prince Bernhard Nature Fund, amongst others.

By designating our ISRAs, Sri Lanka now has the recognition to make smarter, science-led decisions for the ocean’s most vulnerable species.

As shark and ray populations decline under pressure from overfishing, habitat loss, and climate change, knowing where they still have a chance to thrive is the first step toward saving them. Through ISRAs, Sri Lanka can take the lead in showing how conservation and coastal livelihoods can go hand in hand.

To explore ISRA maps and learn more, visit: https://sharkrayareas.org

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