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South Cement Major, Penna files for Rs 1550 Crore IPO

South Cement Major, Penna files for Rs 1550 Crore IPO
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Lanwa Sanstha Cement to commence operations in June 2021 - Adaderana Biz English

Lanwa Sanstha Cement to commence operations in June 2021 December, 10, 2020 Slated to be country’s largest featuring advanced European technology end-to-end State-of-the-art cement manufacturing facility Lanwa Sanstha Cement Corporation Ltd., which is slated to be one of the largest in the region, is scheduled for commissioning in June 2021. The facility, spread across 63 acres, is in the Mirijjawila Export Processing Zone, Hambantota.  A Board of Investment (BOI) approved venture, the investment for Phase 1 of project was $ 70 million and the production capacity of same is estimated to be 2.4 million Metric Tons per annum. In the second phase, a further investment of $ 10 million will be infused to the project whereby the production capacity will expand by another 1.2 million MT. 

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