Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය

Latest topics

» JACKPOT for LDEV share holders
by Chanuque Today at 11:04 am

» WATCHOUT CITRUS GROUP SHARES
by Eugine Fernando Today at 10:47 am

» CFT share එක මොනව හරි දෙයක් වෙනව වාගෙ.
by 2017 Cse Yesterday at 7:27 pm

» Jackpot For LDEV share holders
by bushra03 Yesterday at 6:07 pm

» LLMP -වාර්තාව හොඳ නැත
by max shanu Yesterday at 9:01 am

» Meka Mahinda Rajapaksege Wadak
by kjojo Yesterday at 8:55 am

» CFVF will HIT. 40 BY Next. Thursday
by sanjulanka Mon Nov 20, 2017 11:45 pm

» MULL trade up possibilities
by Hewagak Mon Nov 20, 2017 8:48 pm

» GROUP LEASE PUBLIC COMPANY LIMITED vs COCR
by TARGET Mon Nov 20, 2017 6:21 pm

» Commercial Credit COCR and Group Lease Deal Pricing story
by kjojo Mon Nov 20, 2017 3:10 pm

» HEXP N.0000
by chathura Mon Nov 20, 2017 11:26 am

» CFT 7+...........today
by max shanu Mon Nov 20, 2017 11:10 am

» GRANN - Gonna fly
by prasa2004 Mon Nov 20, 2017 8:55 am

» Any News on JINS???
by prasa2004 Mon Nov 20, 2017 8:51 am

» RENUKA CAPITAL PLC (KZOO.N0000)
by kjojo Sun Nov 19, 2017 5:28 pm

» Watch DFCC and NDB and guess which one is best
by Small Investor Sun Nov 19, 2017 10:28 am

» HVA - Game changer! High profits this quarter!!!!!
by Yahapalanaya Sat Nov 18, 2017 11:51 pm

» is KFP good to buy
by Fayaz_2017 Fri Nov 17, 2017 4:19 pm

» Plantation stocks
by anjelo Fri Nov 17, 2017 3:43 pm

» Good News - Watch ( VFIN , LFIN , CFIN, SAMP,LOFC)
by Harry82 Thu Nov 16, 2017 9:10 pm

» Avoid investing in Abans Group company shares
by fortuneteller Thu Nov 16, 2017 8:55 pm

» LDEV trading on a PEOf 2
by bushra03 Thu Nov 16, 2017 6:38 pm

» How about LDEV
by sanjulanka Thu Nov 16, 2017 2:16 pm

» Plantation Stocks....
by JamesL Thu Nov 16, 2017 2:04 pm

» Don't get caught others form promoters plantation shares
by Wimal Modawansa Thu Nov 16, 2017 7:18 am

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Sri Lanka Hayleys-Vallibel One Owner Dhammika Perera to venture into Steel Business with London Steel Guru Billionaire Lakshmi Mittal, Steel Entertainment Park to come-up in Sri Lanka like ArcelorMittal Orbit in London

Sri Lanka Hayleys-Vallibel One Owner Dhammika Perera to venture into Steel Business with London Steel Guru Billionaire Lakshmi Mittal, Steel Entertainment Park to come-up in Sri Lanka like ArcelorMittal Orbit in London

View previous topic View next topic Go down  Message [Page 1 of 1]

SelvaKolla


Stock Trader
Speculation from Hayleys and Vallibel One group is on the rife that Sri Lanka's leading Sinhalese Billionaire Dhammika Perera is trying to form a new steel manufacturing plant in Sri Lanka as a joint venture project with Global Billionaire and London Steel Guru Billionaire Lakshmi Mittal.

Accordingly Dhammika Perera will also explore opportunities to set up a Steel based Entertainment Park similar to ArcelorMittal Orbit in London that is being built in 114.5-metre-tall (376 ft) sculpture and observation tower in the Queen Elizabeth Olympic Park in Stratford, London.

Perera is also said to be starting his Steel Venture in a Land currently owned by Hayleys Group. Perera's firms also has a major stake in Sri Lanka's Tile Industry, Aluminium Industry, Honeymoon Hotels and 6% Global Market Share in non-medical rubber glove market and accounts to over 3% of Sri Lankan Economy's Export Dollar Earnings and he contributes 5% to Sri Lankan Government's Tax Revenue via Tax Payements from his firms.

Steel is a main requirement for small homes, larger homes, religious buildings and larger infrastructure projects to everything in construction industry and the stationery industry such as staple clips and drawing pins as well as paper clips and bulldog clips.

Sri Lanka's steel industry's main market share is currently being controlled by Ceylon Steel owned by Nandana Jayadewa Lokuwithana and Currently No.1 in the industry Melwire group led MELWA owned by P.P Muruganandhan and Brothers (http://melwire.com/inspiration/) whilst other steel companies such as MELBN of Melbourne Metal (Pvt) Ltd led by Mohamed Ramzy Amanulla (http://www.melbournemetal.lk/about-us/director-message/), and importers such as Confab Steel, GTB Steel, E.B. Creasy & Co., PLC owned Lanka Special Steels Ltd. (LSSL) (http://www.lankassl.com/board-of-directors.html) and Captain Steel (Pvt) Ltd collectively have a minor market share in the country.

Dhammika Perera's entrance into steel industry will mark the Second Sinhalese coming to Sri Lanka's steel industry after Nandana Jayadewa Lokuwithana who owns LANWA (Ceylon Steel) since the larger market share of the Sri Lanka's steel industry is owned and controlled by Tamils and Indians. Sri Lankan Government Sources note that Perera in his first steel venture will create and add over 5,000 jobs to real Sri Lankans of any ethnic community, despite existing Larger steel players such as MELWA in the country has imported over 4,000 Indians already in Sri Lanka in last 15 years that resulted in providing jobs to less number of Sri Lankans.  

Meanwhile it is being discussed among Government Officials that Dhammika Perera has submitted a proposal to the Government of Sri Lanka to  'Recycle' Sri Lanka's entire Garbage Mountains in Key Cities - eliminating Garbage Problem in Sri Lanka bringing happiness to people as a solution for Garbage Problem in the country - under a CSR and Joint Venture Business Project with India's Natural Resources Industry Giant and Billionaire Anil Agarwal who started his business initially with Scrap Metal and Garbage exports and reprocessing to emerge as one of the Top 7 Natural Resources companies in the World titled Vedanta Resources PLC - which is into Copper, Zinc, Aluminium, Iron and Oil & Gas. Perera will also work for taking a Business Venture with London Steel Guru Billionaire Lakshmi Mittal to take Steel Industry to the Maldives whilst Anil Agarwal may sell 30% Drilling Rights of His Oil & Gas Block in Sri Lanka's Mannar Basin to Perera's Hayleys Advantis to form a joint venture in Liquid Natural Gas extraction from Sri Lanka.

View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum