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Sri Lanka Equity Forum » Stock Market Talk »  Lanka Cement

Lanka Cement

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1 Lanka Cement on Tue Dec 12, 2017 11:09 am

sureshot

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Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
another chance to grab LCEM...

buy when others sell...
sell when others buy....

Very Happy  dont miss it

2 Re: Lanka Cement on Thu Dec 28, 2017 10:17 pm

EquityChamp

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Moderator
Ha haaa trying your luck again Very Happy

3 Re: Lanka Cement Yesterday at 7:18 am

sureshot

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Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Kankesanthurai to become a commercial regional port



Friday, December 15, 2017 - 01:00

Print Edition
Local
Zahrah Imtiaz
The once dilapidated Port of Kankesanthurai is to be developed into a commercial regional port by the Sri Lanka Ports Authority (SLPA).
The port located 15km from Jaffna, was built by the Ceylon Cement Corporation to transport raw materials such as clinker and gypsum to the KKS cement factory.
At present, however, the breakwater and the two available piers are in a dilapidated condition and urgent rehabilitation work is needed for the breakwater and the jetties to operate the port, pointed out Shipping and Ports Minister Mahinda Samarasinghe in his Cabinet paper submitted to Cabinet this week.
In addition, the port is small with a depth of 6m and can only serve vessels less than 2,500 DWT but once developed, it could have the potential to become a regional port to serve the North, North Central Province and up to Anuradhapura, according to the government.
Furthermore, its relative closeness to India opens it up to become a valuable connection to international shipping.
The port is currently run by the Sri Lanka Navy occupying a part of the pier with the SLPA using the remaining sections. Commercial operations have been limited to consumable and bagged cement imports with no export recorded.
In 2011, a MoU was signed between the GOSL and the Indian government for the rehabilitation of the port. The grant component of the rehabilitation has been completed and the work under the loan component such as the rehabilitation of the existing breakwater, construction of one new jetty and rehabilitation of the existing jetty is to be implemented with an estimated value of USD 45 million to the project, the Cabinet paper further stated.
Once these developments are made, the port will be able to accommodate vessels up to 8000DWT.
Minister Samarasinghe thus proposed that 50 acres belonging to the Sri Lanka Cement Corporation be handed over to the Port to develop it further for commercial purposes. Warehouses, administrative buildings, customs and security ports are to be established through this process.
The SLPA, he noted, had made initial plans to develop the port for cargo operations pending further development under the Indian credit line in future.
They plan to establish warehouses for the covered storage facility and open storage facility for the port users for efficient and effective port operation.
The Ministry of Industry and Commerce will also be involved in the project to create viable industries in the area to help improve commerce moving in and out of the port. 

last chance to grab......
my last post on LCEM.





     A L L     T H E     B E S T 

4 Re: Lanka Cement Yesterday at 8:09 am

Ran49


Manager - Equity Analytics
Manager - Equity Analytics
If this gonna happen LCEM will pass 10.00. Without any trouble.....

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