Litro Gas has always been conscious of their national responsibility as the country’s industry leader in the LPG sector. For the company, safety and health are key elements that are prioritized across its multi-channel operation. This gives further impetus to its unique positioning as a state owned entity which has strong partnership with the private sector channel partners.
In recognition of its outstanding commitment to occupational health & safety, Litro Gas was recently awarded ISO 45001: 2018 by the International Organization for Standardization of Geneva, Switzerland. This affirms compliance with the globally ratified occupational health and safety management systems recognized as the industry standard worldwide.
In 2018, Litro Gas was awarded the ISO 14001 and OHSAS 18001 certification for its effective Health, Safety and Environment (HSE) management system.
“Safety forms the cornerstone of our entire operation”, says Anil Koswatte, Chairman and CEO of Litro Gas Lanka Ltd. and Litro Gas Terminal Lanka (Pvt) Ltd. “We uphold the highest quality standards across all our systems which is paramount to what we do. Safety in fact forms the very core of our operations, ensuring a seamless delivery of quality to our consumers.”
Litro Gas believes that their newest standards affirmation reinforces the Company’s consistent processes of ensuring industry specific and globally accepted Health, Safety and Environment (HSE) management systems that assure the safety of its employees, customers and the entire community.
“We have in place a world-class risk assessment control system that assures the safeguarding of our people, the environment, our assets and the interests of our stakeholders. With ISO 45001:2018, we have enhanced this process, adding more value to our business”, he adds.
Commenting on the award, Mr. Jayantha Basnayake, Director – Health, Safety & Environment at Litro Gas says that this recognition reiterates the safety protocols deployed by the Company in meeting the highest possible safety and health standards. “Operating as we do in the energy sector, safety and health are considered key elements. The LPG industry is based on observing multi standard procedures that are implemented under stringent guidelines set by global and local LPG industry standards and practices and governing laws.”
Having been recently feted with the SLS 1672:2020 COVID-19 safety compliant standards by the Sri Lanka Standards Institution, Litro Gas upholds the unique level of service delivered seamlessly to customers through the pandemic, says Basnayake. “We understand the importance of managing our operations to meet the highest possible standards while ensuring a sustainable presence within the wider social and environmental context. The Company constantly focuses on continually training all the channel members, bulk and commercial customers on LPG related safety rules, regulations and processes”, he adds.
In recognition of its exceptional commitment towards maintaining optimum health, safety and environment systems, Litro Gas became the first Company in the Oil and Gas sector to be feted with the All island Overall Excellence Bronze Award at the National Occupational Safety and Health Excellence Awards, 2018.
Litro Gas operates one of Asia’s leading and most efficient LPG storage facilities at Kerawalapitiya and Hambantota. An island-wide network of 37 distributors, approximately 1,500 home delivery hubs and 11,000 points-of-sale locations power the Company’s reach throughout the country.
Litro Gas leads the LPG market in Sri Lanka with a 75% market share and a turnover of Rs. 45 billion. The majority of shares in Litro Gas are owned by the General Treasury through the Sri Lanka Insurance Corporation, yet Litro Gas is managed as a unique corporate enterprise, making the Company an exceptional entity in the business world.
The Company views the ISO certification as a key component in their drive towards creating greater significance and sustainability. “Sustainability is a crucial factor that drives every aspect of our operation – it adds value to our supply chain, our stakeholders, our employees, our key stakeholders and the community at large.” Basnayake says in conclusion.
Galadari Colombo awarded ‘SLIM People’s Hotel Brand of the Year 2021’
The Galadari Colombo was given a thumbs up from the people as the People’s Hotel Brand of the Year for the second time running at the recently concluded SLIM (Sri Lanka Institute of Marketing) People’s Awards 2021.
The uniqueness of the SLIM People’s Awards is the fact that it is awarded by the public which shows the popular choice of the Sri Lankan people.
This is the 15th successful running of the much-anticipated event conducted by SLIM in association with Nielsen which is globally renowned for its measurement and consumer insights.
Having stood the test time of time in the hospitality industry for more than 3 decades the Galadari Colombo is hopeful to remain in the hearts of its people as a brand that is trustworthy and dedicated to service.
Expatriates’ organization painting competition for Sri Lankan children from care homes highlights close India-Sri Lanka ties
Celebrating 75 years of India’s independence in Sri Lanka, Sri Lankan children from care homes converged in Colombo from all across Sri Lanka over 10-11 April 2021 for the final round of the nationwide painting competition organized by Colombo Expatriates Cultural Association (CECA) – a voluntary organization of expatriates consisting of mainly Indians – with support of the High Commission of India, Ministry of Education of government of Sri Lanka and several other partners.
Prof. G.L Peiris, Minister of Education was the Chief Guest and Gopal Baglay, High Commissioner of India was the Guest of Honour at the final round. Several other dignitaries including State Minister Piyal Nishantha were also present. The dignitaries lauded the effort as a shining example of strong people-to-people ties between India and Sri Lanka and stressed the enormous significance of the enriching experience for the children.
The competition was held in three categories – Sub Junior, Junior and Senior. The first round of the competition had seen enthusiastic participation of 4,375 students from child care homes across Sri Lanka. Contestants from all provinces who had produced sixty best paintings were invited along with one care-giver for the final round held in Colombo on April 10 at Hotel Taj Samudra. While top three winners in all the three categories were awarded SLR 100,000, SLR 75,000 and SLR 50,000 respectively in addition to various other gifts, certificates and medals, all the 60 finalists received cash awards, desktop computers, and other gifts contributed by various sponsors.
The event also formed part of ‘India @ 75’ celebrations in Sri Lanka which comprise events and activities in the run up to completion of 75 years of India’s Independence in August 2022. Prime Minister of India Shri Narendra Modi had launched these celebrations in India on March 12 2021, 75 weeks before the 75th Anniversary of Independence. In Sri Lanka, formal launch of these celebrations had taken place on April 9 2021 with the inauguration of ‘India Corner’ at the Nagananda Institute for Buddhist Studies.
Chrissworld to raise Rs. 56.25 million through IPO
By Hiran H.Senewiratne
Chrissworld Ltd. (CWL), an SME company engaged in the provision of third-party logistics (3PL) services, is gearing to raise up to Rs. 56.25 million via an initial public offering (IPO) on the Colombo Stock Exchange, sources said.
The company plans to offer 7,500,000 Ordinary Voting Shares for subscription at Rs. 7.50 per share. The subscription will open on April 27, with Atara Capital Partners representing the company as managers to the issue.
Meanwhile, the CSE noted in a statement that it has approved an application submitted by Chrissworld Ltd. for the listing of its Ordinary Voting Shares by way of an offer for subscription on the Empower Board of the CSE.
The company, starting off with Rs. 6 million capital in 2019, expanded its capital to Rs. 22.5 million and projects to obtain Rs. 79 million after the IPO.
Chrissworld will be earmarking milestones with the IPO as the first to be listed on the Empower Board, CSE’s newest listing platform, dedicated to SMEs. Further, Central Depository Systems (Pvt.) Ltd., a subsidiary company of CSE, will step in for the first time as the registrar to the issue.
Amid those developments the CSE started on a bullish note yesterday and during the latter part of the day with heavy retail investor participation the CSE witnessed a bullish trend. It is said that manufacturing sector counters became the most popular stocks during the day. Notable price appreciation was reported in Hayleys Group, Royal Ceramic Group and Distilleries.
Both indices moved upwards. The All Share Price Index went up by 100.10 points and S and P SL20 rose by 49.18 points. Turnover stood at Rs. 3.51 billion with a crossing. The crossing was reported in JKH, which crossed 1.32 million shares to the tune of Rs. 199.3 million and its share price was Rs. 151.
In the retail market, companies that mainly contributed to the turnover were; Royal Ceramic Rs. 511.2 million (1.46 million shares traded), Expolanka Holdings Rs. 359.9 million (4.5 million shares traded), Hayleys Group Rs. 359.9 million (4.5 million shares traded), Dipped Products Rs. 321 million (5.5 million shares traded), JKH Rs. 290 million (1.9 million shares traded), and Haycarb Rs. 177 million (1.5 million shares traded). During the day 87.8 million share volumes changed hands in 23900 transactions.
Hayleys shares appreciated by Rs. 6 or eight percent. Its shares started trading at Rs. 75.90 and at the end of the day they moved to Rs. 82. Royal Ceramic shares appreciated by Rs. 13.5 or nine percent. Its shares started trading at Rs. 328.25 and at the end of the day they moved to Rs. 358.75. Expolanka shares appreciated by Rs. 2.70 or five percent. Its shares started trading at Rs. 49.70 and at the end of the day they shot up to Rs. 52.40 and Distilleries shares appreciated by 70 cent or 3 percent from Rs. 20.20 to Rs. 20.90
Sri Lanka’s rupee quoted steady at 202.00/203 to the one month US dollar Monday, while gilt yields remained unchanged, dealers said.
The rupee last closed in the one-week forward market at 202/203 to the US dollar on Friday. Sri Lanka markets were dull as seasonal bliss kicks in.
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