The Office of the Cabinet of Ministers in Sri Lanka has reported that the Chinese firm Gezhouba Group Co. Ltd has won a tender to build the main civil works, which includes a dam, of the Moragolla Hydro Power Plant
The government of Sri Lanka has reportedly signed an agreement with Bell Geospace Ltd. to explore for offshore oil and gas deposits in the seas off north and northwest of the island.
The Asian Development Bank (ADB) has reportedly approved a loan of US$ 160 million to modernise the operations and improve the efficiency of Sri Lanka Railways.
Sri Lanka’s state owned SriLankan Catering Limited has reportedly received approval for a Rs. 250 million expansion for its flight kitchen.
A global leader in cloud software, Nutanix (NASDAQ: NTNX) has recorded a success in its operations in Sri Lanka and is reportedly ramping up its investment in the island.