Bogala Graphite Lanka, (a German subsidiary and publicly traded company) on June 29 signed a MoU with newly formed CeyAnodes (Pvt) Ltd as a BOI project for the procurement and provision of graphite.
Bogala is the largest producer of graphite in Sri Lanka and under the agreement CeyAnodes will purchase a large amount of graphite every year from Bogala to manufacture battery-grade graphite for US giants such as Tesla and Rivian.
CeyAnodes already has a verbal commitment for 2000 tons of battery-grade graphite, Bogala said in a statement.
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The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.
The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.
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