Standing (L-R) – Pushpakumara Edirisinghe, Director Operations – Litro Gas Terminal Lanka (PVT) Limited, Jayantha Basnayake, Director Health, Safety & Environment – Litro Gas Lanka Ltd, Anil Koswatte, chairman & CEO – Litro Gas Lanka Ltd and Litro Gas Terminal Lanka (PVT) Limited, Dr. (Mrs.) Siddhika G.Senaratne, Director General – Sri Lanka Standards Institution, Samanthi Narangoda , Actg. Deputy Director General – Sri Lanka Standards Institution, Rajika Jayawardena, Assistant Director Systems Certification – Sri Lanka Standards Institution
Litro Gas Lanka Ltd and Litro Gas Terminal Lanka (Pvt) Ltd rendered an exceptional level of service to its customers across Sri Lanka during the COVID-19 induced lockdown.
Going over and beyond the normal call of duty, Litro Gas rose admirably to a challenging task of providing a seamless service delivery to Sri Lankan households; an efficient LPG domestic gas supply irrespective of curfews imposed and other lockdown measures, was thus maintained by Litro Gas throughout the period.
In recognition of its outstanding safety levels, Litro Gas has been awarded the SLS 1672 : 2020 certification by the Sri Lanka Standards Institution (SLSI) which is given for being compliant with the SLS COVID-19 safety management systems requirements for organizations.
“This is indeed a milestone for us as the only state owned institution to be awarded such esteemed standards by SLSI,” says Mr. Anil Koswatte, Chairman & CEO, Litro Gas Lanka Ltd & Litro Gas Terminal Lanka (Pvt) Limited, “This not only reinforces our safety standards but also endorses the highest levels of quality that we maintain in our safety methodologies.”
Litro Gas remains firmly committed to global standards and safety procedures that are considered mandatory for the energy sector. From its state-of-the-art storage facility at Kerawalapitiya and its Hambantota Terminal to its network of 36 distributors, 1,500 home delivery hubs and 10,000 point of sale locations, Litro Gas manages a strongly customer centric operation that is based on the highest safety protocols.
“The measures undertaken by the organization during the COVID-19 pandemic as safety criteria were on par with the World Health Organization (WHO) accredited systems of safety. Litro Gas has always considered safety to be a key priority for all aspects of the Company’s operations.”
“The benefit of observing SLS mandated COVID-19 safety protocols is an advantage for the customers who can be assured of the safety standards we observe.”
Litro Gas has a firm foothold on the Sri Lankan energy sector as a key player in terms of market share and revenue generated. With over Rs 45 billion in revenue, Litro Gas is cited as a role model of a vibrant Public-Private Partnership that places it in a unique slot among state owned institutions.
“The COVID-19 pandemic was not just a challenge to meet our customer needs in real time but also one that tested our strength to overcome the hurdles such an unexpected outcome brings. It rallied our strong team together, enabling each one to optimize performance and deliver the level of service customers expected from us – for us, it was not just an obligation but a national endeavor that brought us closer to our customers.”
In order to permit consistent deliveries during the COVID-19 pandemic, Litro Gas introduced a hotline (1311) for consumers to find the closest Litro Gas dealer who could deliver even during curfew hours. Going one step further, Litro Gas has also launched a home delivery mobile app that ensures a swift and convenient delivery to the customers’ doorstep, enabled through a widespread network of dealers throughout the country.
Emerging from the pandemic into the post-COVID-19 era which still calls for vigilance and health guidelines to be adhered to, Litro Gas believes that the SLSI standards being awarded for COVID-19 compliance safety systems reiterates its strong commitment to global safety and health standards.
Rootcode wins Startup of the Year and People’s Choice Award at SAARC Startup Awards 2022
Rootcode, one of Sri Lanka’s leading tech companies, recently took home the “People’s Choice Award” in addition to being bestowed with the “Startup of the Year” title at the SAARC Startup Awards 2022. This regional recognition marks a significant milestone for the Sri Lankan tech space and workforce. Rootcode’s mission to build great tech is well underway, and it is gaining traction faster than ever.
This is the first time a Sri Lankan tech company has made a name for itself in the regional competition, and it is a watershed moment that has focused the global spotlight on Rootcode’s distinct approach to fostering innovation in Sri Lanka. This is also the first time that a Sri Lankan company was able to take home two awards of those presented at the SAARC Startup Awards.
Global Startup Awards SAARC celebrates the spirit of entrepreneurship and promotes bridging boundaries through innovation in its regions, which include Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka, by recognizing them with its most prestigious awards program, attended by top-notch entrepreneurs, corporates, investors, and ecosystem builders from Nordic, Central Europe, SAARC, and ASEAN regions.
Every year, the SAARC Startup Awards bring together hundreds of South Asian startups, entrepreneurs, investors, co-working spaces, and accelerators to provide a platform to highlight trailblazers in the region’s startup world. Rootcode was chosen ahead of dozens of other regional tech startups in the competition.
Sri Lanka is a relative newcomer to the South Asian startup fraternity, and Rootcode’s ability to represent the country on the global stage not long after its inception is remarkable.
“We are extremely humbled and honored by the support shown to us at the SAARC Startup Awards 2022, and being recognized under two categories is a huge milestone for us,” said the CEO and Founder of Rootcode Labs, Alagan Mahalingam. “We have always been driven forward by excellence, collaboration, and integrity, which I believe is the reason why we have come so far and why Rootcode continues to grow every day.”
Rootcode is driven by its focus on helping businesses build great tech not just locally but globally, and its achievement at the SAARC awards stands as a testament to that. Despite the challenging times, this is a win for Sri Lanka.
INSEE Cement felicitates Sri Lanka’s youngest Commonwealth medallist
INSEE Cement awarded aspiring wrestler, Nethmi Ahimsa Fernando, who won a Bronze Medal for Sri Lanka at the recently concluded Commonwealth Games in Birmingham, LKR 1 million cash reward, to support her to pursue her passion. Suranga Kumara, her coach, also received LKR 250,000 cash reward, in appreciation of his contribution towards Nethmi’s recent achievements. INSEE Cement has also pledged to support Nethmi’s aspiration to represent Sri Lanka at the 2024 Olympic games, while also providing the entire cement requirement for the completion of her new house, which is presently under construction, in collaboration with the Manusath Derana initiative.
Textile maker Teejay knits strong start to 2022-23
Q1 revenue more than doubles to Rs 23.9 billion
Teejay Lanka PLC has made a positive start to 2022-23 posting Group revenue of Rs 23.9 billion for the three months ending 30th June 2022. The Group achieved nearly half its full-year revenue of 2021-22 in just the first quarter of the new financial year as a result of the low base of the previous financial year due to the impacts of COVID, the depreciation of the Rupee and the passing on of yarn price increases during the last quarter.
In a filing with the Colombo Stock Exchange (CSE), Sri Lanka’s largest textile manufacturer said it had also recorded significant growth in pre-tax and net profit at both Group and Company level in the quarter reviewed.According to interim financial statements, Group profit before tax for the three months grew by more than Rs 1 billion or 291% to Rs 1.5 billion, while Group net profit for the period was up 301% to Rs 1.2 billion.
At Company level, revenue improved by 108% in the quarter under review to Rs 12.9 billion, while profit before tax grew by 323% to Rs 1.5 billion, and net profit increased by 311% to Rs 1.3 billion.
Domestic debt restructuring will cripple EPF, ETF – JVP
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