Sri Lanka hits back at the US sponsored resolution

Sri Lanka hits back at the US sponsored resolution Sri Lanka today hit back at the report...

news360.lk
CSE gets an opening Bell from Bansei Securities of Japan

CSE gets an opening Bell from Bansei Securities of Japan Bansei Securities of Japan has gifted the Colombo...

 

Sri Lanka’s Tokyo Cement establishes a subsidiary to manufacture cement and generate power

Posted by author 1 year, 5 months ago on Feb 6th, 2013 12:50 PM and filed under Business & Finance, Markets, Stock Market. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Sri Lanka based Tokyo Cement has established a fully owned subsidiary to manufacture cement, tile cement products, cement value added products and also to build, operate and manage a Biomass Power Generation Plant.

The new company, which is named as, Eastern Cement Company Limited will be ready for operations within a period of 36 months and would cost the firm, approximately Rs. 8 billion.

According to a stock market disclosure, the Eastern Cement Company is a BOI approved venture and will be entitled to fiscal and tax incentives for a period of five years.

After the end of the tax period, a concessionary rate of 12% income tax will apply.

Tokyo Cement says, the power generated out of the proposed Biomass Power plant will be used for internal needs and also to supply to the national grid.

The firm will also engage in Cement dealer business.

Related Articles:

Please Follow News360.lk on Facebook and Twitter

Advertisement

Article Views: 2,489
| | |

Leave a Reply

CAPTCHA image

3D News Categories

Business & Finance (1313)
Diplomacy (407)
Economic Outlook (79)
Economy (926)
Education (57)
Entertainment (57)
Executive Focus (29)
Featured (1)
Health (87)
In Depth (94)
Interviews (50)
Markets (115)
More (329)
Other (163)
Photo Gallery (569)
Politics (409)
Science & Technology (181)
Sports (689)
Stock Market (968)
Top Left (135)
Top RIght (104)
Tourism (284)

requires Flash Player 9 or better.

Copyright © 2014 News 360 Publishers (Pvt) Ltd | All Rights Reserved | Powered by EFutures.