Company filings and market news from across Sri Lanka's stock market.
Vidullanka PLC was named the lowest-cost bidder on 19 Dec for a contract to expand and upgrade a 100 kW mini-hydropower facility at Buca Village, Fiji, though the final award remains pending. The company said this identification is a material step and further announcements will follow upon formal contract award or other significant developments.
Vidullanka PLC (VLL.N0000) was named the lowest-cost bidder on Dec 19, 2025 for the EPC contract to expand and upgrade a 100 kW mini hydropower facility at Buca Village, Fiji; the formal contract award is pending and the company disclosed this to the Colombo Stock Exchange.
Vidullanka PLC and WindForce PLC were awarded contracts by the Cabinet to build and operate two 50 MW wind power stations (100 MW total) for the Mullikulum Wind Power Project under 20-year BOO arrangements, advancing Sri Lanka's renewable energy targets.
Colombo market extended its rally to five sessions as the ASPI gained 1,011.18 pts (4.7%) for the week, reclaiming Rs.320.65 bn in market value; yesterday ASPI closed at 22,508.26 with turnover of Rs.3 bn. Top contributors included SFCL, JKH, HAYL, WIND and VLL; DOCK and HNB saw share price declines.
Colombo Stock Exchange rose 0.22% as the ASPI closed at 22,508.26 with turnover down to 3.02 billion rupees. Vidullanka and Windforce were awarded contracts to develop 50MW wind plants in Mannar, and several stocks (Senkadagala Finance, John Keells, Hayleys, Windforce, Vidullanka) helped lift the index.
Vidullanka and Windforce were awarded contracts to develop two 50MW wind plants in Mullikulam, Mannar; Vidullanka bid 3.77 US cents/kWh and Windforce 3.96, the lowest tariffs so far.
Cabinet approved awarding two 50MW Mullikulum wind projects, one to Vidullanka PLC and one to WindForce PLC. The awards are part of the 100MW Mullikulum Wind Power Park bidding process and support the government's push to 70% renewable energy by 2030.
Vidullanka PLC acquired a 30% stake in SAFE Power International for Rs. 225 million to develop a 10MW wind plant in Alankuda, Kalpitiya. SAFE Power is 51% owned by Windforce; the plant is expected to deliver 32 GWh of clean energy and will operate for 20 years.
Vidullanka PLC (VLL.N0000) has acquired a 30% equity stake in SAFE Power International for Rs225 million to help develop a 10MW wind power project in Alankuda, Puttalam. The company said the investment expands its renewable portfolio and does not give it control of SAFE Power.
Dividend · Rs 0.30 · XD Nov 19, 2025
Second Interim dividend of LKR 0.3/share; XD 2025-11-19; record 2025-11-19; payable 2025-12-09; FY 2025/2026
Energy Minister Kumara Jayakody warned that lobbying for higher feed-in tariffs would raise consumer bills, noting solar prices paid to new producers have fallen from 37 → 27 → 24 → 18 rupees. He cited 30% cheaper panels, a stronger rupee, competitive low bids (e.g. Vidullanka ~3.77 USc/kWh) and additional grid/BESS costs.
Colombo Stock Exchange rebounded as the ASPI rose 0.39% (88 pts) to 22,777.12 with turnover around Rs 5.38bn and foreign investors net sellers of Rs 372.5m. Key movers included Windforce (+17.6%), Colombo Dockyard (-9.9%) and gains in LAUGFS Gas and Lanka Realty Investments.
WindForce PLC (WIND.N0000) said it emerged as the lowest-cost bidder for Lot 1 of the 50MW Mullikulam wind power project in Mannar. The company said the award is pending final awarding procedures, regulatory approvals and negotiation of terms.
Vidullanka said it and consortium partner David Pieris Group were the lowest-cost bidder for the 50MW Mullikulam Wind Power Project; the formal contract award is still pending and the company called the outcome price-sensitive.
Vidullanka (VLL.N0000) and consortium partner David Pieris emerged as the lowest cost bidder for the 50MW Mullikulam wind power project, the company said, with the formal contract award still pending.
Vidullanka submitted the lowest bid of 3.77 US cents/kWh for the Ceylon Electricity Board's 2×50 MW Mullikulam wind tender; Windforce bid 3.96, Hayleys 4.17, ACL 4.33 and Aitken Spence 4.805. Bids are below the prior 4.65 cents award and reflect efforts to cut generation costs amid a weak rupee.
Colombo Stock Exchange closed down as the ASPI fell 0.44% to 22,689.22 with turnover Rs6.19bn. Top contributors included Colombo Dockyard, Ceylinco Holdings, Vidullanka, Lanka Realty Investments and C M Holdings, and several energy names (eg. Vidullanka, WindForce) saw investor interest.
Colombo market rebounded as the ASPI rose 0.56% (123.87 pts) to 22,416.15 and the S&P SL20 gained 0.45% on turnover of around Rs. 8.9bn, with foreigners net selling Rs. 1.4bn. Hemas, Sampath, Vidullanka, Richard Pieris and DIMO were key positive contributors while banking stocks led turnover.
Colombo ASPI rose 0.56% to 22,416.15 on Thursday, led by gains in Hemas Holdings, Sampath Bank, Vidullanka and Diesel & Motor Engineering, with market turnover of 8.8 billion rupees.
Vidullanka PLC swept the Taiki Akimoto 5S Awards 2025 in the small category, winning Gold, Silver and Bronze and receiving additional merit awards for its mini-hydro plants. Kothmale won Gold, Batatota Silver, Wembiyagoda Bronze; Madugeta and Rideepa received merit awards (Rideepa's for CSR/sustainability).
The Islamic Finance Forum of South Asia celebrated its 10th edition and presented awards to 20 institutions across 30 categories; NDB won Deal of the Year (Gold) and, with Vidullanka, received a First Listed Sukuk award (Silver), Seylan Bank won Deal of the Year Silver for a 10MW solar project, and L B Finance won ESG and digital product awards.
The SEC launched a 10-year "12 Pillars" capital market roadmap on Sept 24 to boost market infrastructure, products and digitization; ASPI has risen 209.5% since 2021 and market cap stands at Rs. 7.44 trillion. Key reforms include CSE demutualization, ETFs and derivatives, expanded corporate debt and digitized trading/settlement, alongside recent green and Sukuk issuances by DFCC, Commercial Bank and Vidullanka.
Seylan Bank PLC has renewed its role as exclusive financier for Phase II of a 10 MW ground-mounted solar plant in Navatkadu, providing Rs. 3.5 billion in Islamic project financing for both phases; the project is promoted by Sooryashakthi Ltd., owned by Windforce PLC and Vidullanka PLC.
Seylan Bank (SEYB.N0000) acted as exclusive financier, providing a LKR 3.5 billion Islamic project financing facility for the 10 MW Phase II solar plant in Navatkadu promoted by Sooryashakthi (Windforce and Vidullanka). The plant feeds the national grid and expands renewable capacity.