PRNewswire

Colombo [Sri Lanka], January 17: LGL engages in importing, filling, distribution and sale of LPG in Sri Lanka. It is the largest LPG supplier in Sri Lanka with a market share of 85 per cent and operates an LPG filling plant in Kerawalapitiya with a filling capacity of 1,600 MTs/day. A second filling plant located at Mabima is under construction.

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LGTL provides bulk storage and pipeline facilities for LPG. The key storage facility is strategically located at Kerawalapitiya (few Km's north of the commercial capital - Colombo) with a capacity of 8,000 MT.

Surplus land available at Kerawalapitiya for expansion of both storage capacity (LGTL) and filling capacity (LGL).

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Kerawalapitiya8,000 MTStorage capacity

1,600 MT/dayFilling capacity

MabimaCylinder refurbishment unit , bulk LPG receiving & dispatch facilities + Upcoming filling plant

Distribution Network42Distributors

14,000+Dealers

GoSL will implement this divestiture via its State-Owned Enterprise Restructuring Unit and Deloitte Touche Tohmatsu India LLP (DTTILLP) has been appointed as the Transaction Advisor. The divestiture will be completed through a two-stage competitive bidding process.

Interested parties are invited to access the Request for Expression of Interest document from the following website: https://www.treasury.gov.lk/web/sru-entities-to-be-divested/section/litro-gas-lanka

For additional information please contact: Sandeep Negi, Partner - Restructuring, DTTILLP, snegi@deloitte.com, +91-9810853754 Manish Sharma, Director - Restructuring, DTTILLP, smanish@deloitte.com, +91-9871675889 Nabiha Mohamed, State-Owned Enterprise Restructuring Unit, Transaction Team Lead, lgl@sru.gov.lk

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