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Litro Gas – Using technology to connect with customers through the App

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Litro Gas announced the launch of an App to leverage on technology as the platform to expand its customer outreach.

The Litro Gas App gives the customer the ability to be in control of the entire delivery process, enabling the customer to engage with the Company in an on-demand mode.

As the country’s leading supplier of domestic gas, Litro Gas has always strive to maintain a close relationship with its customers – that relationship acquired a new and tech driven dimension with the launch of the Litro Gas App, says Anil Koswatte, Chairman & CEO, Litro Gas Lanka Ltd & Litro Gas Terminal Lanka (Pvt) Ltd.

“Our team is tech driven and utilizes state-of-the-art technology at every level of operations – from supply to storage and delivery through our various customer touch points”, he noted.

Technology is clearly an advantage to a Company with a turnover of Rs 45 billion – it drives every aspect of the business and empowers a strong and efficient team to deliver exceptional results to the customers, while ensuring that safety and industry best practices are heeded, he said.

“Providing domestic gas facility for our customers maybe a functional aspect of our business but it is utilized for a family centered purpose, one that is close to the heart of every family. We understand the importance of that interaction, reflected in our thinking in making use of technology to connect with our customers on a one-to-one basis”, Koswatte stressed.

The strength of Litro Gas in the market, achieved with a 75% market share and a customer base of four million and growing, translates into a wide outreach throughout Sri Lanka, giving the Company a unique advantage and an unparalleled access to consumers.

The Litro Gas customer delivery mechanism, activated through a strong customer centric approach at work across a network of 35 distributors located island-wide, 1,500 home delivery hubs and 11,000 point of sale locations, has entered a new phase of growth and access with the Litro Gas App.

“Harnessing of technology to get closer to our customers is a key function for us in everything we do”, Koswatte outlined.

“In an era when customers choose to use their smartphone or tech device to connect with the services they need, introducing the Litro Gas App adds tremendous value to our customer centric approach”, he added.

Litro Gas Lanka Ltd (LGLL) and Litro Gas Terminal Lanka (Pvt) Ltd (LGTL) owned by the Treasury through the Sri Lanka Insurance Corporation, has the distinction of functioning as a corporate entity with a clearly defined set of values that are based on achieving core competencies.

Litro Gas continues to champion standards that have driven its success story from the beginning – when Royal Dutch Shell was purchased by the Government of Sri Lanka in 1995. Over the years, the Company has grown into a powerhouse of potential and outstanding success, managed by a highly competent team of 234 employees.

He said as the government’s journey of prosperity and development gets under way, Litro Gas has a tremendous role to play in such a challenging national undertaking

“We have a mission to achieve in uplifting the living standards of the people who are not yet using LPG as a clean energy source. When they switch from firewood that causes indoor pollution to using gas for cooking, they are upgrading their way of life”, the Chairman further said.

This process is already empowering plantation communities where firewood has been replaced by domestic gas provided by Litro Gas. It’s an improvement to the community that captures the spirit of true development and progress, he added.



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Galadari Colombo awarded ‘SLIM People’s Hotel Brand of the Year 2021’

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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.

 

 

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Expatriates’ organization painting competition for Sri Lankan children from care homes highlights close India-Sri Lanka ties

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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.

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Chrissworld to raise Rs. 56.25 million through IPO

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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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