Lanka Industrial Estates Ltd (LINDEL) takes home Bronze Award in Land and Property Sector at 56th Annual Report Awards organized by CA Sri Lanka
DFCC Group subsidiary, Lanka Industrial Estates Ltd (LINDEL), was recently awarded the ‘Bronze award’ for their Annual Report for financial year 2020/21 themed “From Resilience to Progress”, in the ‘Land and Property’ sector at 56th Annual Report Awards organized by CA Sri Lanka. LINDEL was the only non-quoted company competed in the category which included several other quoted companies, and took home the award in its first year in the competition, marking a significant achievement for the Company and the DFCC Group as a whole.
The prestigious Annual Report Awards organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) was held on 9th December 2021 at the BMICH. The competition, with an illustrious history spanning over 55 years, revolves around a stringent three-tier evaluation process where the Annual Reports are evaluated over three phases – first by a technical panel, then by a panel of industry experts, and subsequently, by the panel of judges comprising of an eminent accountant, as well as regulatory authorities and members of academia.
Commenting on the achievement, LINDEL CEO, Rasika Cooray stated, “I am delighted with the achievement of winning the Bronze award in our very first year in the competition, which reflects on our strong performance and compliance to the Annual Reporting frameworks. Our Company’s robust systems, processes, disciplined staff, policies directions given by the chairman & the board of directors and backing of DFCC Bank have significantly increased our resilience, enabling us to record higher earnings despite the challenging environment. Our excellence in reporting is a testament to our strategy of showcasing a high level of accountability and disclosure, ensuring we communicate and engage well with all stakeholders while pushing the boundaries of organizational performance. I take this opportunity to thank my colleagues, Chairman and the Board of directors for their support throughout the challenging year, and for guiding us on the path to this accolade.”
About LINDEL
Lanka Industrial Estates Ltd (LINDEL), is a subsidiary Company of DFCC Bank PLC. It was incorporated in 1992 as an alliance between DFCC Bank PLC and the Government of Sri Lanka, to develop as an industrial estate the site of the State Fertilizer Manufacturing Corporation at Sapugaskanda. As such, LINDEL is Sri Lanka’s first private sector owned industrial estate developer and operator. The site at Sapugaskanda which is presently 105 acres in extent, is fully developed and occupied by 36 tenants in various businesses such as Agriculture, Chemicals, FMCG, Logistics, Lubricants, Metal Fabrication, Packaging and Power Generation. LINDEL provides the complete range of infrastructure and utilities to all its tenants and invests regularly in the maintenance and upgrading of all its services.
