Lanka Shakthi Technologies records 35% turnover growth on solar energy solutions

Guest of Honour Hameedia Chairman Fouzul Hameed addressing the stakeholders

 Staff at the AGM and felicitation of LST

Lanka Shakthi Technologies Ltd. announced a 35% turnover growth compared to last financial year on their solar PV and thermal solutions at the company’s Annual General Meeting recently. 

The company which celebrated five years in operation held its AGM with Lanka Electricity Company Ltd. Chairman Thissa Nanayakkara as Chief Guest, and Hameedia Group Chairman Fouzul Hameed and Lanka Electricity Company Ltd. General Manager H.N. Gunasekera as Guests of Honour. Several top performing staff as well as partners were recognised at the Annual General Meeting where the company presented its future growth plans and strategic focus for the coming year.

“The company has grown significantly over the last five years and we are looking at expanding our operations in the coming year with a branch network outside of Colombo,” said Lanka Shakthi Technologies Ltd. Director Gihan Ratnayake, adding that their focus would be on increasing service penetration and better market reach.Lanka Shakthi Technologies specialises in solar PV and solar thermal solutions and provide cutting edge technology solutions through globally renowned technology partners. The Company is an end to end turnkey solutions provider in the energy sector offering highest quality products and reliable after sales service. In a bid to provide an efficient and immediate service to customers, the company also set up a 24-hour customer service hotline. 

With branches in Colombo, Galle and Polonnaruwa and serving over 600 customers island-wide, the company has to-date installed more than 6 MW capacity of power solutions. The company’s top customers include Ceylon Electricity Board, National Water Supply and Drainage Board, Sri Lanka Army, Bank of Ceylon, Sampath Bank, SLIDA, RDA and Rosmead Tower Apartments.

“We are on an expansion drive focusing on concentric diversions into standby power solutions and solar lighting solutions. The company is also looking at offering hybrid PV technology for domestic market which we believe has a growing opportunity,” Rathnayake said.

He also stated that offering world’s leading PV technology at the most competitive rates and zero compromise in quality is one of the key success factors of Lanka Shakthi Technologies to date.