Agarapatana Plantations PLC
CCSELK:AGPL.N000013.20
LKR
+0.30
(+2.33%)
ISIN
LK0490N00009
Return %
Stock
S&P 500
1Y
-40.54
14.20
3Y
51.72
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Quarterly Revenue
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- Sector
- Process industries
- Industry
- Agricultural commodities/Milling
- Address
- Colombo Sri Lanka
- IPO Date
- Sep 4, 2023
- Website
- lankemplantations.lk
- Similar Companies
- Business
- Agarapatana Plantations PLC is a Sri Lanka-based agribusiness company engaged in the cultivation, processing, manufacturing, and marketing of black tea, as well as diversified agricultural crops, commercial forestry, and renewable energy. Founded in 1992 and headquartered in Colombo, Sri Lanka, the company is listed on the Colombo Stock Exchange (Ticker: AGPL.N0000) and operates as a subsidiary of Consolidated Tea Plantations Limited within the Lankem Ceylon PLC group. The company manages extensive plantation estates situated across the premium high-grown agro-climatic zones of the Agras valley in the Dimbula district and the Uva region, including historical estates such as Dambatenne, Diyagama East, Diyagama West, Balmoral, Glasgow, Waverley, Torrington, and Haputale. The company operates through three core business segments: Tea, Forestry and Other Crops, and Renewable Energy. Its primary products and services include: Orthodox Black Tea, producing premium high-grown grades such as Broken Orange Pekoe (BOP), Broken Orange Pekoe Fannings (BOPF), Orange Pekoe (OP), Flowery Broken Orange Pekoe (FBOP), and Dust; Cut, Tear, and Curl (CTC) Black Tea, manufacturing commercial grades including Pekoe Fannings 1 (PF1), Broken Pekoe 1 (BP1), and CTC Dust; Specialty and Artisanal Teas, providing single-origin teas, estate-specific bespoke teas, and green tea selections; Crop Diversification Products, cultivating commercial cinnamon, cardamom, coffee, passion fruit, avocados, and high-value vegetables; Commercial Timber and Biomass, managing sustainable forestry tracts of Eucalyptus, Albizia, and Pinus species for industrial wood and fuel wood; and Renewable Power Generation, operating run-of-the-river mini-hydroelectric power plants and rooftop solar photovoltaic systems supplying electricity to the national grid. The company sells its tea harvest primarily via the Colombo Tea Auction, global direct exports, and specialized retail packaging partners serving consumer markets across Europe, the Middle East, the Commonwealth of Independent States (CIS), North America, and East Asia. In recent corporate and strategic developments, Agarapatana Plantations PLC completed an Initial Public Offering (IPO) and listed its ordinary voting shares on the Diri Savi Board of the Colombo Stock Exchange, raising capital to finance factory automation, mechanical harvesting expansion, debt retirement, and working capital optimization. To counter labor shortages and improve field productivity, the company has undertaken widespread adoption of mechanical tea harvesting machinery, motorized pruning tools, and precision agricultural techniques across its central highlands estates. Agarapatana Plantations PLC has also advanced its sustainability and energy transition strategy by commissioning rooftop solar power installations across multiple manufacturing facilities, modernizing processing factories with advanced electronic color sorters and energy-efficient withering troughs, expanding crop diversification acreage into export-oriented cinnamon, and developing agro-tourism assets centered on historical colonial tea heritage bungalows.