Balangoda Plantations PLC
CCSELK:BALA.N000052.80
LKR
+0.20
(+0.38%)
ISIN
LK0286N00001
Return %
Stock
S&P 500
1Y
-43.04
14.20
3Y
-5.71
81.12
5Y
111.20
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Dimuthu Wekunagoda
- Sector
- Process industries
- Industry
- Agricultural commodities/Milling
- Address
- Ratnapura Sri Lanka
- IPO Date
- Jun 3, 1998
- Website
- bgdpl.lk
- Similar Companies
- Business
- Balangoda Plantations PLC is a Sri Lanka-based agribusiness company engaged primarily in the cultivation, harvesting, processing, manufacturing, and marketing of tea, rubber, and diversified agricultural produce. Founded in 1992 and headquartered in Ratnapura, Sri Lanka, with registered corporate offices in Colombo, the company operates as a subsidiary of Melstacorp PLC. The company manages an extensive portfolio of estates spanning the Ratnapura and Badulla agricultural regions. The company's core product and service portfolio encompasses tea manufacturing, comprising orthodox black tea, high-grown, mid-grown, and low-grown Ceylon specialty teas, green tea, and tea grades manufactured across prominent estates including Balangoda, Meddakande, Non Pareil, Pettiagalla, Glen Alpin, Spring Valley, Telbedde, and Wewesse; natural rubber cultivation and processing, including latex crepe, sole crepe, centrifuged latex, and scrap crepe for industrial applications; commercial crop diversification, including cinnamon, coconut, pepper, cardamom, and fresh fruits such as pineapple, rambutan, and durian; and sustainable commercial forestry and timber management. The company distributes its primary commodities via the Colombo Tea Auction and Colombo Rubber Auction as well as direct institutional and export channels serving domestic and global markets. In recent corporate and operational developments, the company instituted key executive leadership transitions with the appointment of Hasitha Jayawardena as Chairperson following group-level succession. Balangoda Plantations has advanced its operational modernization by deploying precision agriculture methods, including automated drone spraying technologies to enhance agrochemical efficiency and plantation yields. In addition, the company has accelerated its strategic diversification initiatives through large-scale commercial cinnamon cultivation projects, such as at the Palmgarden Estate, and expanded fruit propagation to build revenue resilience against commodity price volatility and climate variability, while continuing to earn recognition including the Overall Gold Award for its Telbedde Estate at the Ceylon Specialty Estate Tea Awards.