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ACL Cables supports electricians to enhance skill set with NVQ Level 4 certification



ACL Cables PLC, the No. 1 cable manufacturer in Sri Lanka commenced another novel concept recently supporting electricians enhance skillsets, contributing to their personal growth and the industry.

ACL Cables has partnered the Vocational Training Authority (VTA) to ensure electrical technicians island wide are awarded the NVQ level 4 certification.

This programme is aligned to the regulations enforced by the Government and Public Utility Commission of Sri Lanka (PUCSL) which aim to certify and create licensed electricians.

According to local authority regulations all electricians are required to be certified and obtain a license to conduct any electrical construction activity in the future.

This is mainly to establish a professional status for electricians in the country by accrediting their qualifications and experience.

Towards this objective, ACL Cables together with VTA Centers will sponsor and conduct knowledge sharing sessions for electricians to ensure they are prepared for theoretical and practical examinations to obtain the NVQ level 4 Certification. This project was put into action by ACL Cables under the CSR theme of “Divimaga Denuma” (Knowledge for lives).

Specifically targeting electricians who are registered under the Electricians Club of ACL Cables, individuals will be selected in batches of 25 and the programme will be conducted over a period of 6-months around 217 VTA centers islandwide. The certification which usually takes two and a half years for completion has been fast-tracked to ensure a larger number of electricians benefit. This special scheme was maneuvered and guided under the supervision of Dhamitha Wickramasinghe the president of VTA.

ACL Cables also aims to continue this initiative throughout the next few years to ensure all partner electricians receive this valuable qualification.

Commenting on this worthy programme, ACL Managing Director Suren Madanayake said, “We have continuously empowered our stakeholders for their betterment. This has been part of our corporate social responsibility initiatives. In this programme, we have identified Electricians as among our major stakeholders in making our business operations a success. As the No. 1 cable company in Sri Lanka, we undertook the responsibility to step in and transform these individuals into qualified professionals by helping them obtaining the necessary license and certifications as directed by local authorities.”

“Our initial step was to educate electricians on existing regulations, which we did through our island wide seminars. Now we have commenced the next stage to ensure they are equipped with the necessary knowledge. I thank the VTA, PUCSL and all local authorities who partnered with us to make this overall programme a success. I also invite all electricians who are yet to partner ACL to call our agents and register with the ACL Electricians’ Club,” he added.

The proposed licensing mechanism was developed by PUCSL in collaboration with the Institution of Engineers Sri Lanka (IESL), Tertiary, Vocational Education Commission (TVEC) and Construction Industry Development Authority (CIDA), Ceylon Electricity Board (CEB) and Lanka Electricity Company (PVT) Limited (LECO).

During the initial stage of this programme, ACL together with PUCSL conducted several sessions island wide to educate electricians on the necessary licensing procedure.

ACL Cables is the leading cable company in Sri Lanka with a market share of 70% and annual turnover of 18 billion as a group. Diversifying its operation ACL has moved into the distribution of electrical switches, circuit protection devices (MCB, RCD and isolator), ceiling fans and a wide range of electrical accessories.



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NSB introduces special credit scheme for shrimp farming industry



National Savings Bank (NSB), in collaboration with one of its fully owned subsidiary, Sri Lanka Savings Bank(SLSB), has planned to introduce a special loan scheme to offer credit facilities under a lower interest rate with a view to accelerating the development of shrimp farming industry in Sri Lanka.

Shrimp farming industry in Sri Lanka, which came into being around 30 years ago, could be identified as a higher value generating sector among the industries based on aquaculture in the country.

With the objective of achieving a sustainable development in shrimp farming industry in the country, Sri Lanka Aquaculture Development Alliance has been established 15 years back and the permanent members of this organization will be able to obtain loan facilities within a value range of Rs. one Million to Rs. 100 Million under this loan scheme.

This Alliance comprises of 18 farmers’ societies, breeding center societies, seafood societies and shrimp feed societies in Puttlam District, in which the shrimp farming industry is mainly centralized. The Alliance operates the shrimp farming industry, in coordination with the National Aquaculture Development Authority of Sri Lanka, the main state sponsored organization mandated for the task of development of the aquaculture and inland fisheries sector in Sri Lanka and other government institutions. Further, the membership of this alliance represents the entire shrimp farming industry of the country.

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Lanka Realty Investments acquires controlling shares of On’ally Holdings



CSE turnover almost Rs 3.5 billion

By Hiran H.Senewiratne 

Lanka Realty Investments Plc has acquired 50.8 percent  of the issued capital of Colombo Stock Exchange (CSE)  listed On’ally Holdings Plc for Rs 1.42 billion.

With the transaction Renula Capital and Lanka Reality Investments share prices appreciated significantly yesterday, stock market analysts said.

On’ally Holdings Plc announced that Lanka Realty Investments Plc has acquired 50.8 percent  ( 47,244,050 shares) of the issued capital (93,003,087 shares) of the company with the purchase of shares made on 3rd December 2020 at a price of Rs.30.20 per share. 

Meanwhile, in a separate filing Renuka Capital Plc announced that it has sold and disposed of 40,754,820 Ordinary Shares (43.821 percent ) held by the Company in On’ally Holdings Plc to Lanka Realty Investments Plc at a value of Rs.30.20 per share on the CSE. Renuka Capital PLC is the second largest shareholder of On’ally Holdings Plc.

The turnover stood at Rs 3.44 billion with two crossings mainly; On’ally Holdings crossing which contributed 42 percent to the turnover and Access Engineering. On’ ally 47.2 million shares crossed for Rs 1.43 billion and its share price was Rs 32.20 and Access Engineering one million shares crossed for Rs 25 million and its share price was Rs 25.

With the transaction  Renuka Capital share price appreciated by  more than 50 percent or Rs 2.50 . Its share price startered trading at Rs 5 and at the end of the day it moved upto Rs 7.50. Lanka Reality share Price share price moved up by 13 percent or  Rs 4.60. It’s share price startered trading at Rs 34.40 and at the end of the day it moved up to Rs 39.

In the retail market top five companies that mainly contributed to the turnover were JKH Rs 141.5 million (945,000 shares traded), Expolanka Rs 135.7 million (5.2 million shares traded), Melstacorp Rs 128 million (three million shares traded), Access Engineering Rs 123.3 million (4.9 million shares traded) and Renuka Capital Plc Rs 121.7 million  (18.5 million shares traded).

Amid those developments both indices moved upwards  i.e. All Share Price Index up by 17.26 points and S and P SL20 up by 8.81 points up. The share volume that transacted during the day was 22487.  According to stockbrokers that market sluggish and the latter part of the day  it picked up following the major crossing.



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SLT and Mobitel launch Green Premier League 2020



SLT and Mobitel together began an exemplary green initiative project simultaneously with Sri Lankan Premier League (LPL) 2020 called “SLT – Mobitel Green Premier League” (GPL), as a sustainable environmental conservation project. According to the winning score of each team in every match of the LPL, SLT and Mobitel will take necessary actions to plant the equivalent number of plants as forest restoration at Rajawaka forest reserve in Kalthota, Balangoda. Thus, by the end of the LPL tournament, SLT and Mobitel will have taken the necessary actions to plant possibly around 4000 plants in the forest reserve and would have arranged a sustainable maintenance program with the Forest Department in accordance with UN sustainable developments goals. This would be a pioneer project within the context of any cricket premier league in the world!

From the 26th of November 2020 till the 16th of December 2020, SLT and Mobitel will be conducting this remarkable initiative aiming to increase the forest cover in Sri Lanka by planting these trees in 6 hectares in Rajawaka Forest reserve, which has identified as a rich biodiversity site and also the major water catchment area for the Samanalawewa reservoir. With an island-wide reach as the national telecommunications service provider, SLT hopes to inspire sports fans and the youth of the country to undertake their own steps towards environmental conservation and sustainability. SLT will continuously monitor this project in the next two years with the support of the Forest department to ensure the desired outcomes.



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