The history of Buttala goes back to the time of King Dutugamunu in the 2nd century BC, when it was known as Guthala. The Mahavamsa chronicle of ancient Sri Lanka states that when Dutugamunu's army passed through Buttala en route to Rajarata in the north to wage war on Elara . The names of many places are derived from ancient times, often from the names of the generals of armies, as in the case of Buttala. Buttala faced minor earthquakes in February 2023. The famous yudaganawa stupa located in just two kilometers away from town.
9-604: Buttala is the home of the largest sugar mill in Sri Lanka, Pelwatte Sugar Industries PLC , which was established in 1981. The company employs approximately 4,200 employees and over 300,000 sugarcane farmers. Dutugemunu national college is the leading school with in city limits. Army war college training institution of the Sri Lanka Army located in Buttala. This Uva Province, Sri Lanka location article
18-456: A subsidiary company, began operations in September 1997 to process ethyl alcohol and bio compost from molasses a by-product of the sugar manufacturing process. The group employs about 1,300 permanent workers, about 3100 casual and seasonal workers. The Company operates a sugar factory that has a crushing capacity of 3,000 metric tons (3,000 long tons; 3,300 short tons) of sugar cane. It has
27-597: Is a stub . You can help Misplaced Pages by expanding it . Pelwatte Sugar Industries PLC Pelwatte Sugar Industries PLC is a Sri Lankan sugar manufacturing company, which is listed on the Colombo Stock Exchange . The main sugar factory of the group is located in Buttala in the Moneragala District , Uva Province , about 225 kilometres (140 mi) from Colombo to the east of
36-532: The Colombo Stock Exchange . A Sri Lankan company, Master Divers (Private) Limited, purchased 53.5% of the Company for Rs . 300 million. In 2006 the company launched a new subsidiary, Pelwatte Dairy Industries (Pvt) Limited, investing Rs . 1.8 billion on a dairy processing plant and animal feed production factory in the Monaragala District. In March 2011 Master Divers sold approximately 47% of
45-590: The Commercial High Court of Western Province issued a winding-up order for the company. The Distilleries Company of Sri Lanka still maintain that they are the legal owners of the company but they have also lodged an official claim with the Compensation Tribunal for their losses. Pelwatte Sugar (PSIL) produces approximately 450,000 metric tons (440,000 long tons; 500,000 short tons) of Sugar. Pelwatte Sugar Distilleries (Private) Ltd,
54-531: The country's dependency of imported sugar. Based on the findings Booker Tate PLC of United Kingdom (formerly known as Booker Agriculture International Ltd) carried out a feasibility study into the introduction of cane cultivation under rain fed conditions and the establishment of a sugar factory at Pelwatte in the Moneragala District , of the Uva Province in Sri Lanka . In 1981 Pelwatte Sugar Company Ltd
63-448: The country. Pelwatte Sugar was incorporated on 19 February 1981 as Pelwatte Sugar Company Ltd. It became a Public Limited Liability company on 10 December 1982. In 1990, the holding company changed its name to Pelwatte Sugar Industries Ltd. It was first quoted on the Colombo Stock Exchange in 1984. In 1978 a World Bank funded study was undertaken to identify areas in Sri Lanka that are suitable for sugar cane cultivation to reduce
72-481: The issued capital of the company to Melstacorp , which is a subsidiary of Distilleries Company of Sri Lanka PLC. Master Divers (Private) Limited and related parties holding approximately 36% of the capital. In November 2011 the government expropriated full ownership of Pelwatte Sugar and Sevanagala Sugar Industries Co Ltd, and its subsidiaries, under the controversial legislation, ‘The revival of Underperforming Enterprises and Underutilized Assets Act’. In March 2013
81-468: Was incorporated as a state owned company and functioned under the management of Booker Tate PLC. In 1997 the company established a subsidiary, Pelwatte Sugar Distilleries (Pvt) Ltd, which began operations in September, processing ethanol and bio-compost from molasses a by-products of the company's sugar manufacturing process. In 2002 the Government of Sri Lanka sold its stake in the company on
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