WindForce Limited, which
listed on the CSE this year, displayed a strong performance for the year
2020/21. The company declared an interim dividend of LKR 1,013 million for
21/22, which corresponds to a dividend per share of 0.75 LKR, yielding a return
of 4.7% to shareholders.
Performance in 2021
Vidullanka to invest Rs. 1 bn to expand generation capacity Daily News (via HT Media Ltd.)
Vidullanka PLC will be investing approximately Rs. 1 billion to expand their generation capacity in the solar energy segment in Sri Lanka for the financial year 2021/22.
A solar project by Vidullanka.
“We will actively invest more into the solar energy sector in Sri Lanka and undertake our biggest venture to build a 10 MW plant in Vavunathivu, Batticaloa District. The total investment would be around Rs. 1.4 billion and the company has joined forces with Windforce Limited and HiEnergy Services to develop this project via a joint venture,” said CEO, Vidullanka PLC, Riyaz Sangani.
WindForce shares off to strong start on CSE Daily News (via HT Media Ltd.)
The shares of WindForce Limited, will commence trading on the Main Board of the Colombo Stock Exchange (CSE) from today onwards, following its highly-successful Initial Public Offering (IPO). The strong showing of the shares on the opening days of trading highlights the investors’ confidence in Sri Lanka’s biggest and fastest growing producer of renewable energy.
The WindForce Limited IPO of Rs. 3.2 billion, the largest at the CSE since 2011, attracted 1,654 applications amounting to a value of Rs.25.7 billion. The company offered 202,615,341 shares at an issue price of Rs.16 per share and was oversubscribed by nearly 8 times on the initial day. WindForce has been issued a [SL] AA- (stable) credit rating by ICRA Lanka, which is the highest rating given to a corporate in Sri Lanka at the time of the issuance by ICRA Lanka Limited.
WindForce, Vidullanka and HiEnergy to add 10MW solar energy to National Grid
April, 21, 2021
WindForce Limited, the latest company to list on the Colombo Stock Exchange, acquired Solar Universe (Pvt) Ltd, which has won a tender to develop a 10MW solar power plant in Vavunathivu. Solar Universe is owned in conjunction with Vidullanka PLC and HiEnergy Services (Pvt) Ltd, where each of the three shareholders own an equal stake of 33.33%.
This latest project will add 10MW Solar PV to the national grid, contributing to 19.70 GWh of power annually, equivalent to 4.9 million liters of oil saved.
The estimated cost for the project is Rs 1.4 billion and will be funded equally between the 3 shareholders.
The shares of WindForce Limited, the pioneers in the growth and supply of renewable energy in Sri Lanka, will commence trading on the Main Board of the Colombo Stock Exchange (CSE) from the 22nd of April 2021 onwards, following its highly-successful Initial Public Offering (IPO). The strong showing of the shares on the opening days of trading highlights the investors’ confidence in Sri Lanka’s biggest and fastest growing producer of renewable energy.
The WindForce Limited IPO of Rs. 3.2 Billion, the largest at the CSE since 2011, attracted 1,654 applications amounting to a value of Rs.25.7 billion. The company offered 202,615,341 shares at an issue price of Rs.16.00 per share and was oversubscribed by nearly 8 times on the initial day. WindForce has been issued a [SL] AA- (stable) credit rating by ICRA Lanka, which is the highest rating given to a corporate in Sri Lanka at the time of the issuance by ICRA Lanka Limited.